QUESTION 7 1. Indicate whether the following statement is true or false and why: Samson owns a brokerage firm, Strong Realty, LLC. He regularly gets paid profits from the brokerage activity conducted by the firm. Does he need a license to do so? C Yes, if a person realizes a profit from brokerage activity his company engages in, that person must be license. No, as long as Samson does not personally engage in brokerage activity, he can share in the business's income. Yes, Samson needs a license because he and the firm are legally considered the same person. No, it doesn't matter whether Samson engages in brokerage or not, as long as the company he owns is registered with the secretary of state in Texas. 3 points QUESTIONS 1. Which of the following is not a duty owed by a broker to a sales associate? Performance Compensation Repudiation Reimbursement QUESTION 10 1. Which of the following would be considered an independent contractor? A person who is paid an hourly wage and works 40 hours per week A person who sets his own hours and works strictly on commission basis A person who is reimbursed for travel expenses for business trips A person who is told when, where, and how to work