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Under California law, when a salesperson changes employing brokers, who must notify the DRE of the change?

Correct Answer

A) Both the former broker and the new broker, along with the salesperson

When a salesperson transfers brokers, the notification process involves multiple parties. The former broker notifies the DRE of the salesperson's departure, the new broker notifies the DRE of the new employment, and the salesperson files a change of broker application. This ensures the DRE has accurate records of each licensee's current employing broker.

Answer Options
A
Both the former broker and the new broker, along with the salesperson
B
Only the new employing broker is responsible
C
Only the salesperson is responsible
D
The DRE automatically tracks all broker changes through MLS records

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Related Topics & Key Terms

Key Terms:

brokeragebroker_transferDRE_notificationsalespersonBP_Code_10161

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