Maria has been a licensed Broker in Washington for two and a half years and wants to upgrade her license to Managing Broker. Her supervising Designated Broker informs her that she is not yet eligible. Why is Maria ineligible at this time?
Correct Answer
B) She has not been actively licensed as a Broker for at least three years.
Under RCW 18.85, an applicant for a Managing Broker license in Washington must have been actively licensed as a Broker for a minimum of three years. Maria has only two and a half years of active experience, making her ineligible at this time.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
More Practice Of Real Estate Questions
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