Rachel holds a Utah Sales Agent license and has completed all requirements to become a broker. She passes the broker examination but decides she does not want the responsibility of running her own brokerage. She prefers to continue working at her current firm under its Principal Broker. Which license should Rachel obtain, and what is the practical effect of that license?
Correct Answer
B) She should obtain an Associate Broker license; she holds full broker-level credentials but voluntarily works under a Principal Broker
Under Utah Code Ann. § 61-2f, the Associate Broker license is precisely the category for Rachel's situation. Having passed the broker examination and met all broker-level requirements, she qualifies for and should obtain an Associate Broker license. This license confirms her full broker-level competency while allowing her to remain affiliated with and work under her current Principal Broker. She gains broker credentials without the obligation to manage a brokerage.
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Related Topics & Key Terms
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Related Concepts
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FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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