FACTS: A licensee has a PLLC. The licensee is advised by an attorney to put the PLLC name as the broker on behalf of the buyer or seller in her contracts.
ISSUE: Can a licensee’s PLLC be named as a broker on behalf of a buyer or seller on a real estate contract?
DISCUSSION: According to the Arizona Department of Real Estate, a Sales Associate’s professional corporation (PC) or professional limited liability company (PLLC) is not a legal business entity under which a Sales Associate may conduct real estate activity, though it may be used for the payment of commissions according to the Department of Real Estate.
Therefore, the licensee may only use the name of the broker with whom he/she is licensed on the contract.
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