Kevin is a licensed Wisconsin real estate salesperson who recently left his employing broker, Sunrise Realty, due to a dispute. He has not yet affiliated with a new broker. A former client contacts Kevin and asks him to show a property and write an offer on his behalf. Kevin believes he can still assist the client since his license has not expired. Which of the following best describes Kevin's legal status in Wisconsin?
Correct Answer
C) Kevin's license is on inactive status and he may not engage in any real estate brokerage activities until he affiliates with a new broker
Under Wisconsin Statutes Chapter 452, a salesperson's license is only active when held under a licensed broker. When Kevin left Sunrise Realty without affiliating with a new broker, his license effectively became inactive. An inactive licensee may not engage in any real estate brokerage activities, including showing property or writing offers. Kevin must affiliate with a new licensed broker and activate his license before he can legally assist any client.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
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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