When negotiating a sale of real property for another person for a fee, a licensee must, with a few expectations, use forms promulgated by the Commission for that kind of transaction.

Property that can be depreciated for income tax purposes is called

a. recovery property. b. tax basis. c. boot. d. like-kind property.

Which of the following is NOT one of the advantages of inside selling?

A) Inside selling is less expensive than in-person selling. B) Inside salespeople spend more time checking inventory. C) Inside salespeople spend more time following up orders. D) Inside salespeople spend more time phoning smaller accounts. E) All of the above are advantages.