Question

Salesperson Mike works for broker Mark. Mark just had his licensed revoked. Will Mike be able to transfer to another responsible broker?

A) Yes, Mike can transfer to another responsible broker
B) No, Mike must cease real estate activities immediately
C) Yes, but only after a waiting period
D) No, Mike can only work as an independent contractor now

Answer 1

Yes, Mike can transfer to another responsible broker.

Step-by-step explanation:

Yes, Mike can transfer to another responsible broker.

When a broker's license is revoked, it means that they are no longer authorized to conduct real estate activities. However, this does not prevent the salesperson working for that broker from transferring to another broker.

Mike will need to find a new responsible broker to work under in order to continue his real estate activities.