A broker may refuse to release a salesperson's license under which of the following circumstances:
A. When the salesperson owes the broker money.
B. When the salesperson refuses to turn over broker's keys, listings, or other property.
C. When the salesperson is in the process of negotiating a sales contract.
D. Under no circumstances.
Answer: D. Under no circumstances.
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An example of an investing activity would be
A. purchasing equipment for cash. B. buying inventory from a supplier on credit. C. selling stock to investors for cash. D. repaying the principle on a bank loan.
When a tenant subleases an apartment to a sublesee and the sublesee does not pay rent:
a. the sublessee is the only person liable for payment of the rent to the property owner b. the original lessee remains liable to the property owner c. the lessor is due rent and damages from the sublesee d. the property owner would be required to evict the sublesee, but not the sublessor