Final answer:
A broker's license in a licensed business entity is required for individuals who engage in real estate activities such as buying, selling, or renting properties on behalf of clients.
Step-by-step explanation:
In a licensed business entity, a broker's license is required by individuals who engage in real estate activities such as buying, selling, or renting properties on behalf of clients. This license is necessary to ensure that the broker has the necessary knowledge and expertise to handle these transactions and protect the interests of their clients.
For example, a real estate brokerage firm would need to have a licensed broker in charge of overseeing their operations and handling client transactions. This individual would be responsible for ensuring compliance with regulations, negotiating deals, and providing professional advice to clients.
Overall, a broker's license is required for individuals who work in the real estate industry as brokers and engage in activities that involve the representation of clients in property transactions.