Google Answers: Real Estate Broker and Brokerage Legal

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Q: Real Estate Broker and Brokerage Legal ( No Answer, 0 Comments )

Question

Subject: Real Estate Broker and Brokerage Legal
Category: Business and Money
Asked by: silentadvice-ga
List Price: $5.00

Posted: 01 Dec 2005 10:04 PST
Expires: 07 Dec 2005 13:53 PST
Question ID: 600085

Can a real estate Brokerage company in New York State have more than 1
broker owner?

Real live example:

We are 3 equal partners in a corporation. We all passed our broker's
exam. According to the New York Department of State, does the brokrage
need one designated broker/owner (who owns more then 50% of the
company) or can it stay the way it is (all of us equal partners) and
have 3 broker owners?

Answer

There is no answer at this time.

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