I know it varies by state, but it seems like a lot of states require a real estate or other license to be a broker? This is confusing to me. If you use an attorney to finalize the transaction do you really need a brokerage or real estate license to market and list a business for sale?
Not trying to qualify a broker or anything - but I haven't found a great answer to this question and now I'm going down a rabbit hole! Thanks in advance for edifying me!
Do business brokers need a real estate license?
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by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School
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3. When you buy or sell real estate, one could argue if a Real Estate agent/broker is "worth" what they charge. The fact is, they do provide a valued service, the good ones are definitely worth what they charge, the less qualified aren't. Businesses are vastly more complex than real estate making it more difficult to standardize transactions like the states and real estate industry have done. As a semi-experienced buyer and seller of businesses (8 personal transactions), prior licensed tax preparer current 20 year Certified Financial Planner practitioner to business owners, and now a "biased" business broker, I am convinced 99% of sellers should work with a qualified broker/advisor and attorney and 99% of buyers should work with some form of qualified advisor and attorney in the process.