Question

A sales associate is employed by a broker Monday through Friday and for a builder on weekends. The sales associate feels the added experience is beneficial especially since both employers pay an attractive commission split. Which statement is correct?

(a) The sales associate must obtain a group license.
(b) Multiple licenses are requried in this situation.
(c) This arrangement violates the license law.
(d) This is permissible if both employers agree to the arrangement

Answer 1

The correct answer is that it is permissible for a sales associate to be employed by both a broker and a builder if both employers agree to the arrangement, without the need for multiple licenses or a group license.

Step-by-step explanation:

The subject of the question revolves around the occupational licensing requirements for a sales associate working for a broker and a builder. The correct answer to the question is (d) This is permissible if both employers agree to the arrangement. This question addresses the legality and the ethical considerations regarding occupational practices, particularly in the real estate market. Occupational licenses are a means to ensure quality in the labor market by verifying the education and qualifications of professionals, including real estate brokers.