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Trela Trec RulesTrec_structureEASY

Under TREC rules, a license holder who changes sponsoring brokers must take which of the following actions?

Correct Answer

A) Notify TREC of the change in sponsorship so the license records can be updated

Under TREC rules, when a sales agent changes sponsoring brokers, both the departing broker and the new sponsoring broker must notify TREC of the change so that the license records reflect the current sponsorship. The sales agent cannot perform licensed activities until the new sponsorship is reflected in TREC's records.

Answer Options
A
Notify TREC of the change in sponsorship so the license records can be updated
B
Complete an additional 30 hours of continuing education before the transfer is effective
C
Pass the state licensing exam again before associating with a new broker
D
Wait at least 90 days after leaving the former broker before associating with a new broker

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Related Topics & Key Terms

Key Terms:

sponsoring_brokerchange_of_brokernotificationTREC_535
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