What type of license is issued to a broker who qualifies for more than one business entity?

A group license is issued to a broker who qualifies to operate under more than one business entity. This type of license allows the broker to conduct business on behalf of multiple entities while adhering to the regulations governing each. It demonstrates the broker's capability and compliance with obtaining the necessary credentials to legally represent different organizations in real estate transactions.

In contrast, other license types do not apply in this context. A single license applies to an individual or a single business entity, while a dual license typically refers to a scenario where an individual holds licenses for multiple types of activities, such as being both a broker and a sales associate, but not specifically addressing multiple business entities. Joint license does not have a recognized definition within real estate licensing that pertains to brokers qualifying under various entities. Thus, the group license specifically caters to the scenario described.