Janet is a 20-something salesperson who wants to affiliate with a new brokerage. Which statement is true?

Prepare for the Maryland CE Shop Exam with our interactive quiz. Utilize flashcards and multiple-choice questions, complete with hints and explanations. Ace your exam with ease!

Multiple Choice

Janet is a 20-something salesperson who wants to affiliate with a new brokerage. Which statement is true?

Explanation:
In Maryland, a real estate salesperson’s license is tied to a sponsoring broker, and you can’t practice under more than one broker at a time. When you want to move to a new brokerage, you file a transfer with the Maryland Real Estate Commission to change your sponsoring broker. This process updates the license record so the new broker can legally sponsor you and the old broker releases you. You don’t need a new license, you don’t have to wait for renewal, and you don’t need to obtain a different license to affiliate with another brokerage.

In Maryland, a real estate salesperson’s license is tied to a sponsoring broker, and you can’t practice under more than one broker at a time. When you want to move to a new brokerage, you file a transfer with the Maryland Real Estate Commission to change your sponsoring broker. This process updates the license record so the new broker can legally sponsor you and the old broker releases you. You don’t need a new license, you don’t have to wait for renewal, and you don’t need to obtain a different license to affiliate with another brokerage.

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