Multiple Choice
State licensing laws generally prescribe two levels of real estate brokerage licensing: the broker license and the salesperson license. Which of the following responsibilities is an individual with a salesperson license permitted to do?
A) Own and operate a real estate brokerage business
B) Handle money in trust for clients
C) Negotiate listing contracts or contracts for sale
D) Complete legal documents used in sales and leases in their own name
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Jim has hired a real estate broker
Q23: The importance of brokers in the real
Q24: In determining the appropriate listing contract to
Q25: Real estate brokers serve as intermediaries by
Q26: In dual agency, conflicts of interest may
Q27: There are three basic types of listing
Q28: Which of the following duties refers to
Q29: Suppose you are interested in selling your
Q30: According to the law of agency, real
Q31: In acting as an agent for another