A licensed broker employed by a principal may not

The correct choice highlights that a licensed broker employed by a principal may not accept or reject offers of purchase on behalf of their principal. This restriction is rooted in the nature of the broker-principal relationship, which is typically guided by the authority granted to the broker. While brokers can negotiate offers and show properties, the actual acceptance or rejection of an offer is often a decision reserved for the principal.

In real estate transactions, the principal retains the final authority to accept or reject any offers received. The broker acts as an intermediary, facilitating communication and negotiation between the buyer and seller but cannot make unilateral decisions regarding offers. This maintains the integrity of the principal's control over their property and ensures that they alone are responsible for making binding decisions regarding the sale or lease of their property.