Business Broker Licensing

What to check before you broker business sales — and why the platform asks every brokerage to confirm its own compliance.

Why licensing matters

Some states require a real estate license to broker business sales — particularly when real property is part of the transaction. Others regulate business brokers under separate statutes, and a few require no license at all for a pure business sale. Acting without the license your state requires can expose you to fines, cease-and-desist orders, and voided transactions.

How to check your own situation

• Your state real estate commission — ask whether a real estate license covers business-brokerage activity in your state, especially for asset sales that include real property.
• Your state's department of licensing / professional regulation — check for a separate business-broker or auctioneer license category.
• A local business-brokerage attorney — one hour with counsel who does deal-side work in your state is the most reliable way to get a clear answer for your specific practice.
• Your errors-and-omissions carrier — most E&O policies exclude unlicensed activity; your carrier can tell you what your policy assumes about your licensing.

What the platform does — and doesn't — do

Concord Deal Platform provides the venue, the listing tools, and the deal infrastructure. It does not verify or warrant any user's professional licensing, and it does not decide which states require what. At signup, every brokerage confirms — on its own responsibility — that it holds the licenses required where it operates. You can record your license state and number in your profile if you have them; it is optional and never a gate. See section 10 of the Terms for the full posture.

Questions? Contact us — we can point you to general resources, but your compliance is yours.