Which section of the National Salesperson Exam focuses on real estate laws and regulations?

The section that focuses on real estate laws and regulations is appropriately identified as Legal and Regulatory. This section covers the important legal frameworks that govern real estate transactions, including federal, state, and local laws. It includes regulations on property ownership, contracts, commitments, agency relationships, disclosure requirements, and various fair housing laws. Understanding these laws is essential for any salesperson, as they guide ethical practices and ensure compliance in real estate dealings.

In contrast, the other options do not specifically cater to legal and regulatory frameworks. Property Management addresses the day-to-day operations and oversight involved in managing real estate properties. Marketing Strategies focuses on techniques for promoting and selling properties rather than the legalities surrounding them. Sales Techniques concentrates on the skills and strategies necessary to effectively sell properties, which again, does not delve into the legal aspects of the industry. Each of these areas is important, but none directly relate to real estate laws and regulations as comprehensively as the Legal and Regulatory section does.