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Real Estate Sales Exam For State Licensing Boards Latest Exam Update
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Question Number 23
Which of the following statements about the events surrounding a closing on a commercial property that is listed with a Managing Broker and sold by another agency's licensee is CORRECT?
The selling Managing Broker must be present if the seller is not present
The listing Managing Broker or a licensed associate is not required to attend
The selling Managing Broker must request a copy of the closing statement and then retain it for at least seven years
The listing Managing Broker must request a copy of the closing statement and then retain it for at least 10 years
✔ Correct Answer:
The listing Managing Broker or a licensed associate is not required to attend
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