The Business Brokers of Florida is an industry leader in the business brokerage community. We are proud that our members continue to demonstrate the highest level of professionalism. Our Business Broker members strive to do their best to protect the buying and selling public by watching the market for unlicensed activity.
Under Florida real estate law 475, anyone transacting in the sale or purchase of a business on behalf of another must have a valid real estate license with the Department of Business and Professional Regulation. Or better known to those of us who hold valid licenses, the DBPR. This is critical to protect the public, not only in dealing with moral and ethical issues but even more crucial in legal matters such as contracts and disclosure concerns.
The Business Brokers of Florida encourages you to ask if the business broker that you’re working with is licensed to sell businesses in the state of Florida. Better yet, if you’re unsure, you can check the DBPR website at www.myfloridalicense.com and click on the “verify a license” link below to confirm that the individual selling or offering to help you buy a business in Florida maintains a valid license with the state.
Just as you would only hire a licensed residential real estate agent or a licensed commercial real estate agent to help you buy or sell residential or commercial property. You should also only hire a licensed business broker to ensure that you have hired someone who understands the lawful steps of buying or selling a business in Florida.
When it comes to selling your business after all the years of hard work you’ve put into it, or if you’re on the other side and looking to make quite possibly the most significant investment of your life, I urge you only hire a licensed professional business broker. Please join the business brokers of Florida in protecting the buying and selling public and report all unlicensed activity at the link below.