Final answer:
The false statement is (A) An inactive real estate broker cannot be involved in a lease-option of his personally-owned real estate. Inactive brokers maintain the right to deal with their own property and can receive compensation, but they must disclose their inactive status.
Step-by-step explanation:
The false statement concerning an inactive real estate broker involved in a lease-option of his personally-owned real estate is (A) An inactive real estate broker cannot be involved in a lease-option of his personally-owned real estate. This statement is incorrect because owning property and engaging in transactions related to one's own property is a basic right that does not require active brokerage licensure. However, when it comes to the involvement of an inactive broker in real estate transactions beyond personal property dealings, regulations can be more stringent, and properly disclosing the broker's inactive status to all parties is typically mandatory.
Statement (B) is partly correct; an inactive broker must disclose their inactive status but can still engage in their personal real estate transactions. Statement (C) is incorrect because, as the owner of the real estate, the broker can receive compensation through standard property transactions, including lease-options. Lastly, Statement (D) is false since there may be restrictions based on state laws or regulations concerning a broker's involvement in real estate transactions while their license is inactive, such as disclosure obligations.