What must be registered along with a Real Estate Brokerage Corporation?

What must be registered along with a Real Estate Brokerage Corporation?

• A. The name of the corporation only
• B. All officers and directors of the corporation
• C. Only the active brokers in the corporation
• D. Previous business licenses

Answer: (B)

When registering a Real Estate Brokerage Corporation, it is essential to register all officers and directors of the corporation. This requirement ensures transparency and accountability within the company's structure, as these individuals are responsible for the governance and operation of the real estate brokerage. By knowing who the officers and directors are, regulatory bodies and clients can better assess the credibility and qualifications of the firm. The registration of only the corporation's name would not provide the necessary oversight and information about who is managing the brokerage. Additionally, registering solely active brokers or previous business licenses would not fulfill the requirements for proper corporate governance, which necessitates a clearer picture of the individuals who hold significant positions within the organization. Thus, the complete registration of all officers and directors is vital for maintaining regulatory compliance and fostering trust in the brokerage's operations.

When registering a Real Estate Brokerage Corporation, it is essential to register all officers and directors of the corporation. This requirement ensures transparency and accountability within the company's structure, as these individuals are responsible for the governance and operation of the real estate brokerage. By knowing who the officers and directors are, regulatory bodies and clients can better assess the credibility and qualifications of the firm.

The registration of only the corporation's name would not provide the necessary oversight and information about who is managing the brokerage. Additionally, registering solely active brokers or previous business licenses would not fulfill the requirements for proper corporate governance, which necessitates a clearer picture of the individuals who hold significant positions within the organization. Thus, the complete registration of all officers and directors is vital for maintaining regulatory compliance and fostering trust in the brokerage's operations.