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What are the three duties of the licensee to the Designated Broker?

User Texelate
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Final answer:

The three duties of the licensee to the Designated Broker are acting ethically, complying with laws and regulations, and maintaining proper records and reporting.

Step-by-step explanation:

The three duties of the licensee to the Designated Broker are:

  1. Acting ethically and in the best interest of clients: Licensees have a fiduciary duty to act in the best interest of their clients, providing them with honest and accurate information.
  2. Complying with laws and regulations: Licensees must stay updated on the laws and regulations governing the sale of securities and comply with them to ensure fair and lawful practices.
  3. Maintaining proper records and reporting: Licensees must maintain accurate records of their transactions, including client information and financial records, and report them as required by regulatory authorities.
User Salahudin
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