Question

A broker who wants to use a fictitious business name must do all of the following except__________

Option 1: Register the fictitious name with the appropriate government agency
Option 2: Notify their clients and customers of the fictitious name
Option 3: Use the fictitious name on all legal documents
Option 4: Disclose their real name to no one

Answer 1

A broker must register a fictitious business name, notify their clients, and use the name on legal documents but does not have to keep their real name secret.

Step-by-step explanation:

A broker who wants to use a fictitious business name must register the fictitious name with the appropriate government agency, notify their clients and customers of the fictitious name, and use the fictitious name on all legal documents.

However, they are not required to disclose their real name to no one. It is essential for legal and commercial transparency that the real identity of the business owner is known to the appropriate parties, such as regulatory bodies and financial institutions.