Question

When is a real estate license required when selling a business opportunity? A) When the sale includes the transfer of real property

B) When the sale involves a lease or rental of real property
C) When the sale includes the transfer of personal property only
D) A real estate license is not required when selling a business opportunity

Answer 1

A real estate license is required when selling a business opportunity if the sale includes the transfer of real property, but not when it only involves the transfer of personal property.

Step-by-step explanation:

A real estate license is required when selling a business opportunity when the sale includes the transfer of real property.

Real property refers to land and anything permanently attached to it, such as buildings. If the sale involves the transfer of real property, a real estate license is required to ensure legal compliance and protect the interests of both parties involved.

However, if the sale only involves the transfer of personal property, such as inventory, equipment, or intellectual property, a real estate license is not required.