Which person would need a real estate license? A person who is selling his own property....

Which person would need a real estate license?

A person who is selling his own property.

A resident manager collecting rents.

A person negotiating exchanges for another.

A person acting as "Power of Attorney" under a court order without compensation.

Which of the following situations would be cause for automatic revocation of a license?

A buyer’s agent lied to his client.

A buyer’s agent lied to the seller.

A broker made a mistake in the bookkeeping of his trust account.

A broker was convicted of an offense listed in the License Act and failed to make a timely request for a Commission hearing.

Solutions

Expert Solution

An agent or broker, who negotiates exchanges for another needs a real estate license.

OPTION C

A broker convicted of an offense listed in the License Act and failed to make a timely request for a commission hearing will get his licensed revoked automatically.

OPTION D

Rahul Sunny answered 1 year ago

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