Pennsylvania License Law
Under RELRA, what happens if a Pennsylvania salesperson changes employing brokers?
AThe salesperson's license automatically transfers to the new broker after 30 days
BThe old broker must release the license and return it to PREC; the new broker files a change of affiliation; the license is inactive until the change is processed✓ Correct
CThe salesperson pays a transfer fee to PREC and the license is immediately active with the new broker
DThe salesperson must retake and pass the licensing exam before affiliating with a new broker
Explanation
When a Pennsylvania salesperson changes brokerages: (1) the old broker must complete the Termination of Employment section and return the license to PREC; (2) the salesperson finds a new employing broker who submits a new employment affiliation form to PREC; (3) the license is inactive during the transition period. Until PREC issues a new license showing the new broker's name, the salesperson may not perform licensed activities. A salesperson cannot practice independently between brokerages.
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