What happens when an Indiana licensee transfers from one principal broker to another?
A. The licensee may take his listings with him to the new firm.
B. The licensee's license must be returned to the commission office within five days.
C. The licensee's listings are automatically transferred to the new principal broker.
D. The transferring principal broker sends the license directly to the new principal broker.
The current principal broker has five days to send the transfer of license to the commission office. The listings remain with the current principal broker as they do not belong to the transferring licensee.
Founded By
78310 Points
Educating realtors for 20 years
Question Details
Taken: 12 times
Added: 9/16/2008
Liked: 1 time
Exams Using this Question
Founded by Pinky
Indiana Specific Broker Real Estate Exam.

Be the first to comment on this question.