Question

Justin is an unlicensed person and he has been appointed a trustee of a special needs trust for his nephew. The trust will be funded by the sale of the property of his brother. Justin lists and sells the property then puts the money into the trust. What best describes the situation?

Answer 1

Justin cannot take any money for selling the home .

Step-by-step explanation:

One benefit of obtaining a license in this situation is that you are eligible to obtain compensation from the sales of a property on other people's behalf.

In the example above, Justin help the sales of the house before the money is being put into trust.

If Justin has a license, he probably could've obtained around 5% of the sales as compensation from selling the house. But since he doesn't have the licenses, he does not has the legal right to ask for a compensation unless the owner of the house make a written argument about it.