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Marita tells Alexandra they must obtain their broker-dealer license from the Department of Corporations to engage in the sale of real estate syndicate security interests. Alexandra disagrees with Marita,
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Marita tells Alexandra they must obtain their broker-dealer license from the Department of Corporations to engage in the sale of real estate syndicate security interests. Alexandra disagrees with Marita, explaining they both have their broker licenses and that is sufficient. Who is correct and why?

User Vbem
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4 votes

Answer: Alexandra is correct.

Explanation: According to Section 25206 of the Corporations Code, obtaining a broker-dealer license is optional.

User Gilean
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