A California real estate salesperson wants to change from Broker A to Broker B. Under California law, what must happen?
Correct Answer
C) Both brokers must notify the DRE of the transfer, and the salesperson's license must be transferred to Broker B's supervision
Under California Business and Professions Code §10161.8, when a salesperson changes brokers, both the departing broker and the new broker must notify the DRE. The salesperson's license must be formally transferred to the new broker's supervision through the DRE's transfer process. The salesperson cannot conduct real estate activities during the gap between brokers.
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Under California Business & Professions Code §10176(e), a licensee is required to present all written offers to the seller in a timely manner, even if the property is already under contract. Which fiduciary duty most directly governs this obligation?