The correct answer is B) The trade name and the licensed name are the same, as Downtown Realty is registered and licensed with the respective state authorities under the same name.
Jane is the broker/owner of Downtown Realty, which is registered with the Colorado Department of Revenue and licensed with the Real Estate Commission as Downtown Realty. The correct statement regarding the relationship between the trade name and the licensed name is that they are the same. This is because both registrations are for Downtown Realty, ensuring consistency and legal compliance in her business operations.
Jane's business operates under the trade name Downtown Realty, which is both registered with the Department of Revenue and licensed with the Real Estate Commission, affirming the identity and legitimacy of the business in accordance to state regulations.