What license is required for a real estate company to operate as a corporation?

Prepare for the Nebraska Real Estate Exam. Engage with multiple choice questions, hints, and explanations. Ensure your success with comprehensive study materials!

In Nebraska, for a real estate company to operate as a corporation, it must have a licensed broker who is responsible for the firm's real estate activities. When the corporation registers to operate as a real estate business, it is recognized as the broker for all transactions conducted under its name. This means that the corporation, as an entity, holds a broker's license, allowing it to legally conduct real estate transactions, supervise agents, and manage property.

The salesperson license relates specifically to individuals who sell real estate and does not establish a company entity capable of operating as a real estate business. A subdivider license is applicable to those engaged in dividing land for development and is not relevant to the operation of a real estate corporation. A broker associate license is granted to an individual who has met broker qualifications but typically works under the supervision of a licensed broker rather than operating a company themselves. Therefore, the necessity for the corporation to act as the broker emphasizes the requirement for that entity to hold the appropriate broker status within the real estate industry in Nebraska.

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