A real estate brokerage corporation must hold what type of license?

A real estate brokerage corporation must hold a corporate license because real estate brokerage activities are regulated under specific licensing requirements set forth by the state. The corporate license enables the brokerage to operate legally within California, ensuring that it adheres to real estate laws and regulations.

A corporate license is essential for any business entity that intends to engage in real estate activities, as it denotes that the corporation has met state requirements such as having an appointed designated broker who holds a valid real estate broker's license. This structure helps in maintaining professionalism and accountability within the real estate industry.

In contrast, a general business license may be required for various types of businesses, but it does not encompass the specific requirements for real estate brokerage activities. A partnership license is also not applicable as partnerships are different legal entities than corporations. Lastly, a seller's permit is focused on tax purposes for businesses that sell tangible goods and is not relevant to a real estate brokerage that primarily deals with services rather than the sale of physical goods.