Final answer:
Corporations can be granted real estate brokers' licenses provided they designate a qualified active broker to oversee their brokerage activities, ensuring regulatory compliance and professional standards.
Step-by-step explanation:
Real estate brokers' licenses may be granted to corporations provided that a qualified active broker is designated to be responsible for management and supervision of the licensed actions of the corporation. This stipulation ensures that there is an individual within the corporation who holds the requisite knowledge and has the authority to oversee real estate brokerage activities, complies with the relevant laws, and maintains ethical standards.
Corporations are recognized as legal entities, and as such, they include benefits such as the ease of raising revenue through borrowing or selling shares, limited liability for its shareholders, and perpetual existence. They can also hire professionals and engage in legal contracts. The control and management of a corporation’s real estate brokerage activities are directly overseen by the designated broker, adhering to both state and national regulations.