Final answer:
An individual real estate broker may serve as a qualifying broker for a corporation, limited liability company (LLC), or partnership.
Step-by-step explanation:
An individual real estate broker may serve as a qualifying broker for a corporation, limited liability company (LLC), or partnership.
A corporation is a large business entity that has a formal legal structure. It can be public or private, with publicly issued stock or not. A limited liability company (LLC) is a newer business structure allowed by state statute. And a partnership involves two or more people working together in owning a business.