Which of the following business entities may the commission license?

The correct response is that the commission may license corporations and associations. This reflects the understanding that real estate brokerage can be conducted under various business structures, including corporations, which can provide liability protection and may have different operational benefits.

In Wyoming, the real estate commission allows for various types of business entities to obtain licenses to operate as real estate brokers. Corporations, being separate legal entities, can own property, enter into contracts, and be licensed, just like individuals. Associations that meet the regulatory requirements for real estate brokerage are also recognized and eligible for licensing by the commission.

This understanding aligns with the need for flexibility in the real estate market, where different business models can provide services in a way that caters to different client needs while complying with state laws.

In contrast, the other options are limited in scope. While partnerships, limited liability corporations, and sole proprietorships may be involved in real estate, the question specifically pertains to what the commission can license, which includes the broader category of corporations and associations.