Problem regarding transfer of a lease for the real estate


Question: Dennis is a business broker who's helping his client purchase a fast food franchise. The location includes transfer of a lease for the real estate where the business is located. What's true about this situation? Unset starred question As a licensee in another profession, Dennis can request a temporary real estate license that applies only to this transaction. Dennis can't handle the real estate lease negotiations or transfer himself unless he has a real estate license. If Dennis is licensed as a business broker, he doesn't need a real estate license to handle the lease transfer in this transaction. The transfer of a lease to a new tenant would NOT require Dennis to have a real estate license, regardless of the fact that it's part of a business purchase.

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Other Management: Problem regarding transfer of a lease for the real estate
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