Let’s put a different spin on this scenario. Suppose Travis is helping out friends but will not be
compensated in any way. Which of these actions can he perform for his friends?
Researching schools, crime rates, and other statistics about several neighborhoods
Can perform
Cannot perform
Advertising his friend’s condo for sale on Craigslist
Can perform
Cannot perform
Searching the Internet and driving the streets to locate properties for sale
Can perform
Cannot perform
Scheduling showings for properties
Can perform
Cannot perform
Negotiating the exchange of real estate
Can perform
Cannot perform
Great work! Travis isn’t receiving any kind of compensation, so he could perform any of these actions.
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More Terms to Remember
Do you know these terms about the types of lines in the rectangular government survey
system? Match the term to the correct description.
, What’s the Legal Description?
Which of the following accurately describes the parcel of land shown in this image?
,
, Identifying License Types
Select a license type for each character description. (This license type must be the one that can
legally be used on advertisements to describe license status.)
Karen has held a license in real estate for eight years. She supervises Jan and Marco and is responsible for any
real estate activities that they perform.
Broker
Salesperson
Associate Broker
Jan is sponsored by Karen. She's been licensed for about nine months.
Broker
Salesperson
Associate Broker
Marco has been in real estate for 20 years. He holds a broker's license, but chooses not to run his own
brokerage or supervise other licensees. He's sponsored by Karen.
Broker
Salesperson
Associate Broker
Great job. Karen is the broker who sponsors Marco (an associate broker) and Jan (a salesperson.)
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