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State Licensing Laws Generally Prescribe Two Levels of Real Estate

Question 3

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

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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