What is an important feature of accounts managed by a licensed real estate broker?

An important feature of accounts managed by a licensed real estate broker is that brokers must be licensed to handle transactions. This licensure ensures that brokers have met the education, experience, and legal requirements necessary to practice in the field of real estate. It protects consumers by ensuring that brokers are knowledgeable about real estate laws, ethical practices, and the complexities of property transactions. The licensing process includes assessments of a broker's ability to handle various aspects of real estate, such as contracts, negotiations, and market analysis. This regulatory framework is vital for maintaining standards in the industry and providing a level of security and trust between brokers and their clients.

The other options do not accurately represent the key features related to the management of accounts by real estate brokers. For instance, brokers can manage both residential and commercial properties, and they do not have the authority to sell securities, which are regulated under a different set of laws requiring specific licensing related to finance and investments. Furthermore, brokers are indeed allowed to manage client accounts, provided they have the necessary license, emphasizing the crucial relationship between licensure and the management of accounts.