Final answer:
An individual's actions qualify them as a broker or sales agent typically when engaging in activities that involve selling securities or real estate for compensation. However, acting as a licensed attorney, trustee in bankruptcy, or a utility employee for property buying purposes usually does not qualify as such, nor would representing a friend in a purchase if it was not for compensation.
Step-by-step explanation:
The question pertains to the conditions under which a person's actions may qualify them as a broker or sales agent. In general, the activities of brokers, dealers, and those involved in the sale of securities are regulated to protect consumers and maintain market integrity. Acting for compensation in a brokerage or sales capacity typically requires registration or licensure.
Options a and b (acting as a licensed attorney or trustee in bankruptcy) usually do not qualify a person as a broker or sales agent because these roles are already governed by professional regulations separate from brokerage laws.
Option c (representing a friend in a purchase) might not necessarily qualify a person as a broker or sales agent if it's an isolated incident and not done for compensation. Problem d (public utility employee buying property for the utility) is also unlikely to qualify a person as a broker or sales agent since this action could fall under specific exemptions related to public utility work.
Lobbying laws typically expand the restrictions on compensation for services involving influencing legislation or administrative actions. Therefore, individuals must be cautious about conflicts of interest, abuse of public positions, and the personal benefits sought through such activities. Violations of these lobbying and brokerage laws can result in fines, a ban from the profession, or imprisonment.