Question

Let’s see if you can solve this puzzle. Billy and Elizabeth still work for the same brokerage. Billy is in a meeting with a buyer client in one room, while Elizabeth is in a meeting with the seller client in the next room. Elizabeth’s client is selling the property that Billy’s client is buying. For this to be legal, which of these statements must be true? Select all that apply.


Billy’s client has assets of $1 million or more

Elizabeth’s client has assets of $1 million or more

Billy and Elizabeth are acting as transaction brokers

Billy and Elizabeth are acting as designated sales associates


The property for sale is non-residential




Please help me out I am really stuck on this

Answer 1

http://www.redfin.com/definition/transaction-broker

http://www.tampaschoolofrealestate.com/dictionary/d/designated-sales-associate/

Answer 2

it is still not helping me

Answer 3

They helped me. I think 4 of the answers are right. And one of the answers only applies in Colorado.

Answer 4

i do not know which four are right i have not clue at all

Answer 5

Billy and Elizabeth are acting as transaction brokers is the wrong answer, the rest all is correct.