Are Business Brokers Licensed?

Most states in the US do not require business brokers to have any type of license. There are just 16 states that require business brokers to have a real estate agent license. The following states require business brokers to have a real estate license:

Alaska Arizona California Florida Georgia Idaho Michigan Minnesota Nebraska Oregon South Dakota Utah Washington Wyoming In Nevada business brokers need to have a real estate license and also a permit and Illinois requires a registration process only.

If your state does not require business brokers to carry a professional license, this is nothing to be worried about. Just because an individual is not required to have a license does not mean you will not receive the professional service you would receive from a licensed business broker.

It is suggested that you meet with more than one business broker and decide which one is best suitable to sell your business.

Are Business Brokers Licensed? - To learn more about this author, visit Denise T. Davis's Website.

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