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AgencySponsorship_changesMEDIUM

What happens to a sales agent's license when they leave their sponsoring broker?

Correct Answer

B) It becomes inactive immediately

A Texas sales agent's license becomes inactive when they leave their sponsoring broker until a new sponsor is registered.

Answer Options
A
It remains active for 30 days
B
It becomes inactive immediately
C
It is automatically transferred
D
It is revoked
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Related Topics & Key Terms

Related Topics:

broker-sponsor-requirementslicense-renewal-processreal-estate-disciplinary-actions

Key Terms:

sponsoring brokerinactive licenseTexas Occupations Code 1101TRECsales agent license

Related Concepts

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

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