In Colorado if you are the owner of the business you are free to sell the business and property yourself. If the business transaction does not include real estate (land, buildings, lease agreements), then a non-licensed agent can represent your business. However, if the business transaction includes any real estate, then if you hire an agent they must have a real estate broker license.
The question of "need" is important. A broker experienced in the preparation of your business for sale, dealing with potential buyers, assisting with contracting terms and closing can be valuable. My belief is that the business owner should focus on running the business so the business remains viable and attractive to potential buyers.
L. Alexander - Broker - Denver
Oct 27, 2009