Delaware License LawIntermediateDelaware Exam
Under Delaware law, if a licensee changes their employing broker, which action must occur?
AThe licensee must retake the state portion of the exam
BThe licensee must notify the Commission and transfer the license to the new brokerCorrect
CThe old broker must approve the transfer in writing
DThe Commission must hold a hearing before approving the transfer
Why The licensee must notify the Commission and transfer the license to the new broker Is Correct
Answer B: The licensee must notify the Commission and transfer the license to the new broker
When a Delaware licensee changes brokers, the licensee must notify the Commission and transfer the license to the new sponsoring broker. The license cannot be held by the licensee independently.
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