Question

If sam ceases to be registered with a brokerage, how long is his license valid for?

A) 12 months
B) 18 months
C) 24 months
D) 36 months

Answer 1

Sam's license remains valid for 36 months after ceasing registration with a brokerage. Option D is correct.

Step-by-step explanation:

When a real estate agent like Sam disassociates from a brokerage, the validity of their license doesn’t expire immediately. Instead, it typically remains valid for a period. In this case, it’s for 36 months after disassociation. This timeframe allows agents some flexibility to find a new brokerage without having to immediately renew or reapply for their license, providing a buffer period for transitioning their business. During these 36 months, the agent can operate independently or seek affiliation with another brokerage without the urgency of renewing their license.

This grace period serves as a practical measure for agents who might experience changes in their brokerage affiliations or wish to operate independently for a period before deciding on their next career move within the real estate industry. It also allows agents the time to fulfill any necessary requirements or paperwork associated with transferring their license to a new brokerage if they choose to do so.

Correct Answer: D) 36 months

Answer 2

Sam's real estate license is valid for 18 months after he ceases to be registered with a brokerage. It's crucial to verify with the local real estate commission for specific regulations.

Step-by-step explanation:

If Sam ceases to be registered with a brokerage, his license is valid for 18 months. After this period, if he has not become registered again with a brokerage or taken necessary steps to maintain his license, it will likely expire or become inactive. Each jurisdiction might have different regulations, so it's important to check with the local real estate commission or equivalent licensing authority for specific rules.