Controlling interest in RE Brokerage without have a license

[Account Closed]

I am planning on opening up my own RE brokerage in northern CA. I was wondering if I can have controlling interest of at least 51% in that brokerage without having a broker's license. I would of course be hiring a managing broker. I currently have just a salesperson's license. 

[John Thedford]

Originally posted by @Maria McCreless:

@Account Closed, this depends on your states laws.  In Florida you cannot have any ownership in a brokerage if you are not a licensed broker.

 A non-licensee may OWN a brokerage but may not perform brokerage services and the firm must have a broker of record. A sales associate or broker associate may be an investor but NOT an officer, director, or partner. This is FL statute only and probably does not apply in the OP's case.