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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Definitions:

Experimental

Relating to a method of inquiry or testing that involves controlled conditions to explore hypotheses and observe outcomes.

Natural Setting

A term used in research to describe a non-manipulative, uncontrolled environment where phenomena occur organically.

Structured Observational

A research method involving the systematic observation of behavior within a structured environment to gather data in a controlled manner.

Preconceptions

Beliefs or opinions formed before having the evidence for their truth or usefulness.