If a broker maintains more than one place of business within the State of California, what will he have?
Understand the Problem
The question is asking about the licensing requirements for a broker who maintains multiple business locations in California, specifically what additional licenses or documentation is needed.
Answer
An additional license for each branch office so maintained.
The final answer is an additional license for each branch office so maintained.
Answer for screen readers
The final answer is an additional license for each branch office so maintained.
More Information
A broker in California with more than one business location needs to secure an individual license for each branch office.
Tips
A common mistake is assuming one license covers all business locations; each location needs its own license.
Sources
- California Real Estate Licensing | www.harborcompliance.com - harborcompliance.com
- RE 5 - Broker Compliance Evaluation Manual - dre.ca.gov
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