Under Certain Conditions, a Corporation Can Be Licensed as a Real

question 15

Multiple Choice

Under certain conditions, a corporation can be licensed as a real estate broker. Which of the following is one of those conditions?

• A) the corporation must have an office in California
• B) declared dividends are used to pay sales commissions
• C) chairman of the board must have a real estate salesperson's license
• D) a principal officer of the corporation must be licensed as a broker

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Definitions:

Norms

Socially accepted rules or standards of behavior that guide individuals' actions in a group.

Culture

The shared values, beliefs, norms, practices, and customs of a group of people that shape their behavior and interactions.

Behavior

The observable actions and reactions of individuals or groups in a particular context or environment.

Inclusive Workplace

An environment that values diversity and incorporates practices that respect and embrace differences among employees.