Question

The holder of a temporary principal brokers license cannot do which of the following?

Select one:
a. The holder of a temporary license can do all of these
b. Pay real estate commissions owed
c. Withdraw money from the client trust account
d. Enter new listing contracts

Answer 1

A temporary principal broker's license holder cannot withdraw money from the client trust account, but they can pay real estate commissions owed and enter new listing contracts.

Step-by-step explanation:

The holder of a temporary principal broker's license cannot withdraw money from the client trust account. A principal broker is responsible for managing the client trust account, which holds money that belongs to clients. However, a temporary license holder may be able to pay real estate commissions owed and enter new listing contracts, as they are part of their responsibilities as a broker.