SCh2 persons/Activities Requiring A License

Question 1

Does anyone selling a mobile home need to have a real estate license?

Answer 1

No

Question 2

Does an attorney need to have a real estate license to participate in a commission split?

Answer 2

Yes

Question 3

Does an auctioneer calling a real estate auction need to have a real estate license

Answer 3

No

Question 4

Does an auctioneer involved in any part of a real estate transaction need to have a real estate license?

Answer 4

Yes

Question 5

Do hotel/motel personnel need to have a real estate license?

Answer 5

No

Question 6

Does an apartment locator need to have a real estate license?

Answer 6

Yes

Question 7

Does an attorney-in-fact need to have a real estate license

Answer 7

No

Question 8

Do real estate sales agents need to have a real estate license?

Answer 8

Yes

Question 9

Do corporate employees buying selling, leasing, or renting corporate property need to have a real estate license

Answer 9

No

Question 10

If a designated agent has a less than 10% interest in a real estate business entity, he must provide proof that the entity has E&O insurance with a minimum annual limit of how much

Answer 10

1 million per occurrence

Question 11

If a designated agent owns 10% or more of the business, then the required amount of E&O insurance is how much

Answer 11

$0