Question 4

A secretary in a real estate office who does NOT have a real estate license may perform bookkeeping functions concerning escrowed funds.

A secretary without a real estate license is permitted to perform bookkeeping functions related to escrowed funds, as these tasks do not require a licensed real estate professional.

A) review the Consumer Information Statement with a prospective buyer

Reviewing the Consumer Information Statement with a prospective buyer involves providing information about real estate practices, which typically falls under the purview of licensed professionals. As such, a secretary without a license should not engage in this activity.

B) perform bookkeeping functions concerning escrowed funds

Performing bookkeeping functions concerning escrowed funds is permissible for a secretary without a real estate license. This task is administrative in nature and does not require the legal knowledge or authority that comes with licensure.

C) sign escrow checks with the written authorization of the broker

Signing escrow checks requires a level of authority and responsibility that is reserved for licensed individuals, even if authorized by the broker. Therefore, a secretary without a license cannot perform this action.

D) disclose the current status of a commercial listing

Disclosing the current status of a commercial listing involves providing specific information about real estate transactions, which should only be conveyed by a licensed real estate professional. As such, this task is not permitted for an unlicensed secretary.

Conclusion

The ability for a secretary in a real estate office to perform bookkeeping functions concerning escrowed funds is clearly defined as permissible and does not require a license. In contrast, other options involve activities that necessitate a deeper understanding of real estate regulations or direct client interaction, which are restricted to licensed professionals. Thus, Option B stands out as the only correct choice.