Disclaimer:
For practice transfers that include a real estate sale, applicable state real estate licensing requirements must be met, and a licensed real estate broker or agent is required to participate in the transaction.
States That Always Require a Real Estate License for Practice-Only Transfers
| State | License Required? |
|---|---|
| Alaska | Yes |
| Arizona | Yes |
| California | Yes |
| Colorado | Yes |
| Florida | Yes |
| Georgia | Yes |
| Idaho | Yes |
| Minnesota | Yes |
| Nebraska | Yes |
| Oregon | Yes |
| South Dakota | Yes |
States That Don't Require a Real Estate License for Practice-Only Transfers
| State | License Required? |
|---|---|
| Alabama | No |
| Arkansas | No |
| Connecticut | No |
| Delaware | No |
| District of Columbia | No |
| Hawaii | No |
| Indiana | No |
| Iowa | No |
| Kansas | No |
| Kentucky | No |
| Louisiana | No |
| Maine | No |
| Maryland | No |
| Massachusetts | No |
| Michigan | No |
| Mississippi | No |
| Missouri | No |
| Montana | No |
| New Hampshire | No |
| New Jersey | No |
| New Mexico | No |
| New York | No |
| North Carolina | No |
| North Dakota | No |
| Ohio | No |
| Oklahoma | No |
| Pennsylvania | No |
| South Carolina | No |
| South Carolina | No |
| Tennessee | No |
| Texas | No |
| Utah | No |
| Vermont | No |
| Virginia | No |
| Washington | No |
| West Virginia | No |
| Wisconsin | No |
| Wyoming | No |
Special-Case States
| State | License Required? |
|---|---|
| Illinois | Business broker registration is required to receive compensation for the sale of a practice. Transactions involving real estate are subject to Illinois real estate licensing requirements. |
| Nevada | A Business Broker Permit is required to broker the sale of a practice. An active Nevada real estate license is required in order to obtain and hold a Business Broker Permit. |