Sales agent Peterson's sponsoring broker, Broker Wallace, decides to close his brokerage and retire. Under TREC rules, what happens to Peterson's sales agent license?
Correct Answer
A) Peterson's license becomes inactive and she cannot perform real estate activities until she obtains a new sponsoring broker and updates her records with TREC
Under TREC rules, when a sponsoring broker closes a brokerage, the sponsored sales agent's license becomes inactive. The sales agent cannot perform any real estate activities until a new sponsoring broker relationship is established and recorded with TREC.
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