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In the given situation, the salesperson is ______ to comply with the provisions of the license law regarding trust funds.

1) required
2) permitted but not required

1 Answer

4 votes

Final answer:

A salesperson is legally required to follow the license law provisions concerning trust funds to protect consumer interests and ensure ethical handling of assets.

Step-by-step explanation:

In the given situation, the salesperson is required to comply with the provisions of the license law regarding trust funds. When dealing with trust funds, which are monies or other assets that are held by a third party (in this case, the salesperson) on behalf of another party, there are strict regulations that must be adhered to. These provisions are designed to protect consumers and ensure that funds are handled in an ethical and legal manner. Therefore, a salesperson cannot choose to ignore these laws; they are legally obligated to follow them.

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