EstatePass
Practice Of Real Estate DisclosuresDre_regulationsEASY

Under California law, what happens if a real estate salesperson's employing broker loses their broker license due to revocation?

Correct Answer

A) The salesperson's license becomes inactive and they must transfer to a new broker before resuming real estate activities

When a broker's license is revoked, all salespersons working under that broker must transfer to a new employing broker before they can resume real estate activities. The salesperson's license is not revoked, but it becomes inactive until a new broker relationship is established.

Answer Options
A
The salesperson's license becomes inactive and they must transfer to a new broker before resuming real estate activities
B
The salesperson can continue practicing independently until they find a new broker
C
The salesperson's license is automatically revoked along with the broker's license
D
The salesperson must retake the state licensing exam

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Disclosures Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate Disclosures

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate Disclosures

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Disclosures Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

DREbroker_revocationsalesperson_transferinactive_licenseBP_Code_10132

Related Concepts

Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.

Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.

HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.

Was this explanation helpful?

More Practice Of Real Estate Disclosures Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing