28. Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?
Answer: D
A salesperson is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration.
A) assistant broker
An assistant broker is not a licensed agent who represents parties in real estate transactions. Instead, they typically assist a licensed broker and may not have the authority to directly handle transactions or earn commissions independently.
B) appraiser
An appraiser evaluates properties to determine their value, but they do not represent parties in real estate transactions. Their role is focused on assessment rather than representation, thus they do not earn commissions based on transactions.
C) broker
A broker is indeed a licensed professional who can represent parties in real estate transactions and earn commissions. However, the question specifically asks for a person who is licensed to represent parties, which aligns more closely with the role of a salesperson who operates under the broker's supervision.
D) salesperson
A salesperson is a licensed individual who represents one of the parties in a real estate transaction and is typically compensated through commissions. They work under the supervision of a broker and are directly involved in facilitating the transaction process.
Conclusion
The correct answer is D, as a salesperson is specifically licensed to represent parties in real estate transactions for compensation. Options A and B do not fulfill the requirement of representation in transactions, while C, despite being a valid role, does not directly answer the question as precisely as D does.