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84re, Home Seller in Illinois

Corporation relating to real estate licensing

Asked by 84re, Illinois Mon Feb 20, 2012

Does anyone know the answer to this question; it is a practice question for the broker to managing broker test in Illinois. Being president's day, my school is closed. The question is --
A sponsored licensee forms a corporation for the purpose of collecing compensaiton, what can the corporation do:
a) Have as many stock holders as shares of stock issued.
b) advertise itself to the public in the name of the corporation.
c) sponsor and employ real estate licensees.
d) receive compensation from the sponsoring broker and for non-real estate related activities.

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Answers

4
The answer is at the back of the book of the practice test. Not sure what you are attempting to accomplish. Just can not fathom what the rush is for the answer or if you need to call your school or instructor then one day is just not that long.

What is more relevant is being able to explain why a, b, and c are not the correct answer and D is correct. If you can do that you understand the material. That would be a reason to contact your instructor since your instructor is a Pro teacher, whereas a practicing broker may not be the best teacher yet a great broker.

So what are you attempting to accomplish?
0 votes Thank Flag Link Mon Feb 20, 2012
I go with d) too.

d) receive compensation from the sponsoring broker and for non-real estate related activities.
0 votes Thank Flag Link Mon Feb 20, 2012
Bill is correct

d) receive compensation from the sponsoring broker and for non-real estate related activities.

Good luck
0 votes Thank Flag Link Mon Feb 20, 2012
D.

Sponsorfed Licensee can:
receive compensation from the sponsoring broker and
receive compensation for non-real estate related activities.
0 votes Thank Flag Link Mon Feb 20, 2012
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