To review Chapter 10, “Regulation of the Real Estate Profession,” read and answer the following True/False questions.
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Question 1 of 5
1. Question
The affiliation between a broker and a salesperson may be terminated by either party at any time.
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Question 2 of 5
2. Question
A broker may maintain a ‘virtual’ office without maintaining a physical location.
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Question 3 of 5
3. Question
A broker may never do business under a fictitious business name.
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Question 4 of 5
4. Question
Brokerages are allowed to operate branch offices.
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Question 5 of 5
5. Question
Licensees will need to keep documents such as canceled checks and agency disclosure statements as part of their recordkeeping requirements.