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David holds an Alabama broker license but prefers not to run his own office. Instead, he affiliates his license with Sunshine Realty and works under the qualifying broker there. What is David's correct Alabama license classification?

Correct Answer

A) Associate broker, because he holds a broker license but works under another broker

Alabama license law recognizes the associate broker classification for individuals who hold a full broker license but elect to affiliate with another broker's firm rather than operate independently. David has met all broker licensing requirements but chooses to work under Sunshine Realty's qualifying broker, making him an associate broker per Code of Alabama §34-27-2.

Answer Options
A
Associate broker, because he holds a broker license but works under another broker
B
Salesperson, because he works under the supervision of another broker
C
Provisional broker, because he has not yet established his own firm
D
Inactive broker, because he is not operating as a qualifying broker

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Related Topics & Key Terms

Key Terms:

license_categoriesassociate_brokerbroker_affiliationlicense_classification

Related Concepts

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

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