Billy and Elizabeth still work for the same brokerage. Billy is in a meeting with a buyer client in one room, while Elizabeth is in a meeting with the seller client in the next room. Elizabeth’s client is selling the property that Billy’s client is buying. For this to be legal, which of these statements must be true? Select all that apply if they work in the same brokerage.

Billy’s client has assets of $1 million or more

Elizabeth’s client has assets of $1 million or more

Billy and Elizabeth are acting as transaction brokers

Billy and Elizabeth are acting as designated sales associates

The property for sale is non-residential

this is real estate