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Jerry is a business enterprise broker. Which of the following must be true?

  1. He deals with the sale and purchase of larger businesses.

  2. He deals with the sale and purchase of smaller businesses.

  3. He does not deal with the sale and purchase of personal property.

  4. He is not required to have a real estate license.

The correct answer is: He deals with the sale and purchase of larger businesses.

Jerry is a business enterprise broker, which means he deals with the buying and selling of larger businesses. Option B is incorrect because it mentions smaller businesses, which is not mentioned in the question. Option C is also incorrect because personal property is not mentioned in the question. Option D is incorrect because a real estate license is required for business enterprise brokers.