Every partnership shall be registered and at least one of its partners licensed or registered as an active broker. Each partner who expects to deal with the public in the partnership’s practice or business as a broker shall hold a valid and current active broker’s license or registration.
Rulemaking Authority 475.05 FS. Law Implemented 475.01(1)(a), 475.15 FS. History-New 1-1-80, Formerly 21V-4.07, Amended 10-13-88, 6-28-93, Formerly 21V-4.007, Amended 3-8-95, 2-4-04.

Terms Used In Florida Regulations 61J2-4.007

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.