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Trela Trec RulesLicense_categoriesEASY

Under TREC rules, what must a broker do when hiring a new sales agent to join the brokerage?

Correct Answer

A) Submit a sponsorship form to TREC to register the new agent under the broker's license

Under TREC rules, when a broker hires a new sales agent, the broker must submit a sponsorship form to TREC to officially register the agent under the broker's license. The agent cannot begin practicing until the sponsorship is recorded with TREC.

Answer Options
A
Submit a sponsorship form to TREC to register the new agent under the broker's license
B
Send a notification letter to all competing brokerages in the same market area
C
Register the agent with the local Board of Realtors before the agent can begin practicing
D
Obtain approval from TREC for each individual agent hire before the agent can begin work

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Related Topics & Key Terms

Key Terms:

sponsorship_formnew_agentbroker_hiringTREC_535
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