Which statement is true regarding sales associates in a real estate brokerage limited partnership?

Sales associates in a real estate brokerage limited partnership can indeed be limited partners. In this type of partnership, limited partners typically contribute capital to the business but have limited liability, meaning they are not personally responsible for the debts of the partnership beyond the amount they have invested.

Being a limited partner allows sales associates to participate in the business without the obligations and liabilities that general partners face. General partners manage the daily operations and decision-making of the partnership and have unlimited liability, which means they could risk personal assets if the business incurs debt or legal issues.

In contrast, sales associates must fulfill specific licensing requirements to engage in real estate activities, but they do not need to register as active brokers unless they meet the qualifications and opt to take on that role. Additionally, they are not prohibited from participating in partnerships; they simply have a different capacity depending on their role and the partnership structure. Therefore, the statement about them being able to be limited partners accurately reflects their position within a limited partnership framework.