Salesperson Carla is moving from one brokerage to another in Louisiana. She has secured a position with Broker Williams and wants to transfer her license. Under LREC regulations, which of the following correctly describes the license transfer process in Louisiana?
Correct Answer
B) Carla must obtain a release from her current broker, and the new broker must submit a transfer request to the LREC before Carla can legally practice under the new broker
Under LREC regulations, a salesperson's license is held by the supervising broker. To transfer to a new broker, Carla must obtain a release from her current broker, and the new broker (Broker Williams) must submit a transfer request to the LREC. Carla cannot legally practice under the new broker until the LREC has processed and approved the transfer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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?
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