Question

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 businessB. Handle money in trust for clientsC. Negotiate listing contracts or contracts for saleD. Complete legal documents used in sales and leases in their own name.

Answer 1

Answer: C. Negotiate listing contracts or contracts for sale.

Explanation: Sales person license is a license issued to brokers of sales contracts or deals for real estate business.

Salesperson license will broker contracts or deals on the following areas

Residential Real Estate,

Commercial Real Estates etc. For a person to be qualified to have a salesperson license,he must meet certain requirements which includes passing some examinations as approved by the regulating council.