Broker Adams sponsors 10 sales agents in her Houston-based brokerage. One of her agents, David, wants to transfer his sponsorship to a competing brokerage. Under TREC rules, which statement is correct about this transfer?
Correct Answer
C) David may transfer his sponsorship to the new broker at any time; neither Adams nor David needs to obtain the other's consent for the transfer
Under TREC rules, a sales agent may change sponsoring brokers at any time. Neither the departing broker nor the sales agent needs the other's consent for the transfer. The departing broker notifies TREC of the termination, and the new broker submits the new sponsorship form.
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