Patricia holds a broker license and operates her own brokerage. She wants to also work part-time for another brokerage to gain experience in commercial real estate. What must she do?
Correct Answer
A) Apply for an additional broker licence for the other brokerage
Section 475.215(1) is the route: a licensed broker may be issued additional licences as a broker where it is clearly shown that they are necessary to the conduct of brokerage business and will not be used in a way that harms anyone. Other choices: the same subsection says additional licences may issue as a broker 'but not as a sales associate or as a broker associate', so registering as a broker associate is the one thing expressly ruled out; she does not have to close her own brokerage, which is what the multiple-licence provision exists to avoid; and the arrangement is permitted, so a flat no overstates the statute.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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