Real estate activities, and licenses Flashcards
1
Q
What are common ownership structures for real estate brokerages?
A
Soul proprietororships, partnerships, and corporations.
2
Q
Which activity can you perform without a license in California?
A
Negotiate rent of an office building for the nonprofit where you work.
3
Q
What is a real estate corporation?
A
An entity owned by one or more parties.
4
Q
Which real estate brokerage ownership types require a separate license?
A
Corporations only.
5
Q
Can you negotiate and buy your own property without a real estate license?
A
Yes
6
Q
Can you write advertisements for a broker approval if not a licensed real estate agent?
A
Yes
7
Q
What is a sole proprietor?
A
A brokerage on by a single person.
8
Q
What is a broker who works for another broker called?
A
Associate broker
