Definition: A professional corporation organized under applicable law to provide professional services. In Florida real estate practice, an eligible individual licensee can use an authorized professional entity subject to registration and naming requirements.
Example
A sales associate uses an approved PA structure for the associate's professional business arrangements.
Keep the distinction clear
A PA is not simply a membership club. Forming an entity does not authorize a sales associate to operate independently as a broker or practice beyond the individual's license.
Related terms
Corporation · Sales Associate · Registration
Keep studying
Corporation Sole, Sole Proprietorship, and Single-Owner Businesses
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): pruh-FESH-uh-nul uh-soh-see-AY-shun; P-A (capitals show stress)
Pronunciation reference: Merriam-Webster
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