A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes the homebuilder builds and sells. The homebuilder's salesman, who makes a salary of $50,000 per year, is not a licensed broker. Does the salesman need a real estate license?
A. No, because homebuilders and their agents are exempt
B. Yes, because the salesman is not making minimum wage
C. Yes, because the farmer is making a percentage of the profit
D. Yes, because the homebuilder does not own the land
Answers: 2
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A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes...
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