87. If a salesperson quits or is discharged by his/her broker, the broker must O return the salesperson's license to the salesperson within three business days. throw the salesperson's license certificate away. O return the salesperson's license within a reasonable time after termination. O send the salesperson's license to the DRE within three business days. 88. To obtain a salesperson's license, the applicant, in addition to other requirements, must O pass the qualifying exam O provide social security number or taxpayer identification number to the DRE O complete the real estate principles course prior to taking the examination O all of the above 89. Paul Prentiss made a written offer to purchase a house. Along with the offer, he tendered a good faith deposit of $4,000 in the form of a personal check. He gave his broker instructions to hold the check until his offer was accepted by the seller. Before the seller accepts his offer, Paul informs the broker that he changed his mind and no longer wants to purchase the property. The broker must deposit the check and give the money to the seller as liquidated damages. O keep the $4000 as earned commission. O return the undeposited check to Paul. O advise Paul that he cannot release the $4000 without the seller's written consent. 90. Larry South is leasing property from Jim West. Larry South transfers the rights of his leasehold estate to Joe North. The transaction occurred because of: O abandonment O assignment O surrender O sublease 91. Which of the following would not be prorated at closing in the sale of a rental property? O Prepaid property taxes O Interest on buyer's new loan O Interest on the seller's existing loan O Tenant security deposits