Which entities still have the power to tax, license, and regulate real estate brokers?

The correct answer reflects that neighborhood associations do not have the authority to tax, license, and regulate real estate brokers. Instead, this power primarily resides with the states. States establish the legal framework for real estate practice within their jurisdiction, including licensing requirements for real estate brokers and agents. They also impose regulations to ensure compliance with state law.

Local government entities like counties or cities may have some regulatory powers, but they typically do not have overarching authority over the licensing of real estate professionals. Neighborhood associations, on the other hand, primarily focus on governing the rules and regulations within a community or subdivision rather than on broader real estate regulatory practices. Therefore, while neighborhoods can influence property use and aesthetics through their own rules, they lack the legal power to regulate or license real estate brokers at a state or professional level.