State Licensing Laws Generally Prescribe Two Levels of Real Estate

question 32

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

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