Final answer:
The correct answer is D) All of the above.
Step-by-step explanation:
The correct answer is D) All of the above. Any individual who illegally acts as a broker by failure to obtain a real estate license is subject to fines and penalties, engaging in unauthorized real estate activities, and committing a violation of real estate laws. It is important to obtain the proper license and follow the laws and regulations in order to operate legally as a real estate broker.