72. A broker must maintain records of the custodial or trust account for at least three years following A. initiation of the transaction. B. the receipt of the money. C. the listing date. D. the consummation date. 73. When acting in real estate, who of the following would NOT need a real estate license? A. an employee of a national corporation, who manages a commercial property that is located in Pennsylvania B. an administrator of an estate receiving compensation for performing duties necessary to settle obligations of the estate C. an employee of the owner of an office building negotiates leases D. a person who receives compensation for managing a property for a relative 74. A licensed broker has a listing contract with a seller to list a property for $50,000. The broker's wife, who retained her maiden name, offers to purchase the property at $50,000. The deed to this transaction names both the broker and his wife as grantees. The seller did not know that the offer came from the broker's wife. Of what is the broker guilty? A. failing to disclose the intent and true position to the seller B. absolutely nothing C. untruthful advertising D. failing to make the necessary bilateral disclosure 5. A salesperson who solicits for listings by telling property owners that their property value will decline because of increased traffic from a proposed highway will be guilty of which of the following? A. extreme puffing B. inducing panic selling C. a conflict of interest D. misrepresentation