All 50 states have licensing laws that regulate persons and companies that engage in the brokerage business. Interpreting and enforcing state licensing laws falls under the responsibilities of which of the following parties?
A) Broker
B) Real estate commission
C) National Association of Realtors
D) Salesperson

Question

Quizplus · Accepted Answer

State licensing laws are enforced and interpreted by the real estate commission in each state. The other options (broker, salesperson, National Association of Realtors) may have some influence on the real estate industry, but they do not have the authority to interpret or enforce state licensing laws.

All 50 States Have Licensing Laws That Regulate Persons and Companies