Qualified Associations
Last Updated Aug. 3, 2023
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1 min. read
What is a Qualified Association?
Traditionally, brokers could only pay their affiliated licensees individually. License law changes in 2009 created the concept of a “qualified association,” which is a business entity owned by one or more licensees affiliated with the same firm for the purpose of collecting fees from the broker and distributing the money among the owners of the entity.
This FAQ document includes information on how qualified associations work, how to establish one and much more.
PAR strongly recommends that you obtain advice from tax, financial and/or legal experts before establishing a qualified association.