Salesperson Kai has been working under Broker Aloha Realty for three years. Kai decides to transfer to a new broker, Pacific Properties. Under Hawaii license law, which of the following correctly describes the transfer process?
Correct Answer
A) Kai must notify HREC of the transfer and may not practice under the new broker until HREC processes the transfer
Under HRS Chapter 467 and Hawaii Administrative Rules, a salesperson who transfers from one broker to another must notify the Hawaii Real Estate Commission of the transfer. The salesperson may not legally practice real estate under the new broker until HREC has processed the transfer and the license is properly associated with the new broker. Practicing during the gap period would constitute unlicensed activity.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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