Question

A broker intends to open a branch office in a neighboring town. The broker applies for a branch office license, giving a name that clearly identifies its relationship with his main office. The broker names the licensed real estate salesperson as the branch office manager. Under these facts, will the broker received approval for the branch office?

A. Yes, the broker has fully complied with the requirements of license law
B. No, under the license law, brokers cannot have branch offices in more than one municipality
C. Yes, by naming the salesperson as the branch manager, the broker is in compliance with the requirement that a broker may be in direct operational control of only one office or branch
D. No, the manager of the branch must be a licensed real estate broker

Answer 1

No, the manager of the branch must be a licensed real estate broker.

The answer to the question is D

Step-by-step explanation:

The answer to the question is D. No, the manager of the branch must be a licensed real estate broker.

According to license law, a broker is required to have a licensed broker as the manager of a branch office. In this case, the broker names a licensed real estate salesperson as the branch office manager, which does not meet the requirement. Therefore, the branch office application will not be approved.

To comply with license law and receive approval for the branch office, the broker would need to appoint a licensed real estate broker as the branch office manager.

The answer to the question is D