Which of the following is a similarity between business brokerages and real estate brokerage?

The correct answer highlights that both business brokerages and real estate brokerages utilize a real estate license to conduct their transactions. This requirement stems from the legal framework governing the sale of businesses and properties, as both types of brokers facilitate the transfer of ownership and need to ensure compliance with state regulations. A real estate license signifies that the broker has completed the necessary education and training to understand the market, laws, and ethics involved in real estate transactions.

In the context of business and real estate brokerages, while they deal with different assets—one focusing on businesses and the other on physical real estate—the regulatory environment necessitates a similar foundation of knowledge and licensing. It's essential for brokers in both fields to navigate legal requirements, which is why obtaining and maintaining a real estate license is crucial for their operations.