A group of friends decides to open a real estate business. They want to own the business as a general partnership, and they set up the legal paperwork to establish a general partnership. Each of the general partners obtains an active broker’s license, and they find several sales associates to work with them. The partnership registers with the DRE. What do they not have to disclose in their registration?

For a real estate business to be established as a brokerage partnership it must be registered with the DBPR and each active member who intends to provide real estate services to the public must have an active broker's license. During the registration the sales associates that they intend to work with must not be disclosed during registration with the DBPR.

Hence we can conclude that They do not have to disclose; The details of the several sales associates during registration.

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rahulsharma789888 rahulsharma789888 · Answer 2 · 2022-06-22T03:42:36+02:00

They are not required to reveal the names of the various sales associates during registration.

What do you mean by real estate?

Real estate is a legal word that refers to a person's ownership of land and structures. Real estate, in most circumstances, consists of land and real property, as defined by the municipal ordinances where the real estate is located. Real estate does not include land or real property that is not held by anyone.

A real estate business must be registered with the DBPR as a brokerage partnership, and each active member who wishes to provide real estate services to the public must hold an active broker's license.

As a result, we can conclude that they are not required to divulge the personal information of the various sales associates during registration.

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