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Illinois licensee Alma is one busy woman: In addition to her regular broker duties, she also mentors three other licensees. The company owner has approached her about managing two additional office locations, but she'd need to take more coursework to be qualified to do that. What kind of broker is she?

a. Associate broker
b. Broker
c. Managing broker
d. Sponsoring broker

User Alv
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1 Answer

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Final answer:

The broker described in the scenario is Alma, who performs duties beyond those of a standard broker and is being asked to manage additional offices. She needs extra coursework to qualify, which suggests that she is being considered for the role of a managing broker.

Step-by-step explanation:

c. Managing broker

The case presented describes Alma, a current active Illinois licensee who not only performs her regular broker duties but also mentors other licensees. This indicates that she already has a significant amount of experience and responsibility in the field of real estate. The owner's proposition for Alma to manage two additional office locations, however, entails that she would need further coursework to qualify for this new role. In the real estate business, a "managing broker" is the term used for a broker who has taken additional coursework and training to manage an office or multiple offices. These responsibilities often include supervising the activities of other licensees, overseeing transactions, ensuring compliance with real estate laws, and managing day-to-day office operations. Since she is being considered for office management and would require further education, it can be inferred that Alma is being asked to take on the role of a managing broker. Therefore, the most accurate classification of the broker described would be a managing broker.

User Neiker
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