Which of the following business entities may the commission license?

The correct answer is that the commission may license corporations. Corporations are recognized as separate legal entities that can enter into contracts, own property, and be held liable, which makes them suitable candidates for licensing in real estate. When a corporation is involved in real estate transactions, it can employ licensed brokers or salespersons to conduct business on its behalf, thereby ensuring compliance with state regulations.

In the context of real estate licensing, it is important that the entity applying for the license meets the requirements set forth by the real estate commission and adheres to the pertinent laws governing real estate practices. Corporations can provide limited liability to their owners, which is an attractive feature in the high-stakes world of real estate.

Associations, limited liability corporations (LLCs), and sole proprietorships or partnerships may have their own regulations concerning real estate practices, but for the purpose of the question, the focus is on which business entities are specifically licensed by the commission. Corporations are a primary option, as they are often established for various business operations, including real estate brokerage.