Question

A licensed real estate salesperson has been selling unimproved lots through the employing broker and receiving a finders fee from a lender for referring the buyers to the lender. The broker discovers this and fires the salesperson and warned all the other salespeople not to be involved in this type of practice. If these facts come to the attention of the real estate commissioner

Answer 1

The subject of this question is Business, specifically real estate sales practices and potential consequences for prohibited activities.

Step-by-step explanation:

The subject of this question is Business. It relates to the practice of a licensed real estate salesperson selling unimproved lots and receiving a finders fee from a lender for referring buyers to the lender.

In this case, the salesperson engaged in a prohibited practice, which the broker discovered and addressed by firing the salesperson and warning others not to be involved. These facts would likely be reported to the real estate commissioner for further investigation and potential disciplinary action.