19.6k views
5 votes
Employees working for a commercial firm do not have to have a real estate license if they are selling property owned by their firm.

A. True
B. False

User Abulbul
by
7.9k points

1 Answer

5 votes

Final answer:

Employees selling property owned by their commercial firm generally must have a real estate license, making the statement false. Proprietors of proprietary colonies had responsibilities beyond collecting profits, and sharecroppers paid rent in crop shares, making both related statements false. Dillon's Rule limits local government powers, contrary to the idea of providing freedom and flexibility.

Step-by-step explanation:

The statement that employees working for a commercial firm do not have to have a real estate license if they are selling property owned by their firm is generally false. In most jurisdictions, anyone engaging in activities that constitute real estate transactions, which includes selling property, must be licensed as a real estate professional regardless of whether they are selling property owned by their employer or by a third party. However, there can be specific exemptions depending on local real estate law, so it is important to be familiar with the regulations that apply to your particular situation.

In regards to the questions about proprietary colonies and sharecroppers, those statements are also false. Proprietors in proprietary colonies had various responsibilities beyond just collecting profits, including governance and ensuring the colony's success. Similarly, sharecroppers were indeed tenant farmers who paid their rent with shares of their crops.

Dillon's Rule is the principle that local governments only have the powers expressly granted to them by the state government. This means the statement that Dillon's Rule gives local governments freedom and flexibility is false; it actually limits their powers to those explicitly outlined.

User Lmpeixoto
by
7.7k points