Multiple Choice
Identify the letter of the choice that best
completes the statement or answers the question.
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1.
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A securities license is required to sell:
a. | a large apartment building. | c. | real estate whenever earnest money
is used. | b. | a ranch which lies across a state boundary. | d. | investment contracts involving
stock. |
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2.
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A securities license is needed to sell:
a. | property under Title 488 of the U.S. Code. | c. | interests in limited
partnerships. | b. | any out-of-state land. | d. | real estate to any investor. |
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3.
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Sales of interstate securities are registered under:
a. | State blue sky laws. | c. | regional laws | b. | Securities Exchange
Commission. | d. | city and couty
laws |
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4.
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Sales of intrastate securities are regulated by the:
a. | State blue sky laws. | c. | city laws | b. | Securities Exchange Commission
(SEC). | d. | county
rules |
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5.
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A securities license is needed to:
a. | sell property by transferring either stock or limited partnership
interests. | b. | sell commercial property located in another state. | c. | sell residential
property to business people | d. | sell cars |
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6.
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Stock sales to persons in multiple states are regulated by the:
a. | blue sky laws | c. | regional security laws | b. | Securities and
Exchange Commission (SEC) | d. | multi state security laws |
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7.
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A business owner wants to sell her retail clothing business by transferring the
stock. The transaction should be conducted by a:
a. | licensed real estate lawyer. | c. | commercial real estate
broker. | b. | C.P.A. | d. | licensed securities dealer. |
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8.
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A developer wants to solicit investors from various states for a business
venture. This solicitation will likely have to be registered with the:
a. | IRS | c. | Board of Realty Regulation | b. | SEC | d. | Federal Trade
Commission |
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9.
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The transfer of a commercial property by selling stock or limited partnership
interests to passive investors is known as a:
a. | syndication | c. | joint ventures | b. | dedication | d. | stock market |
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10.
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The sale of a business by transferring the land is handled by a:
a. | real estate licensee. | c. | drivers license | b. | securities licensee. | d. | time share
license |
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