Multiple License & Group License Flashcards
1
Q
What is a multiple license?
A
Issued to a broker who is a broker for more than one brokerage
2
Q
Does a broker need to get a separate broker license for each business where they are a broker?
A
Yes
3
Q
Can sales associates or broker associates hold multiple licenses?
A
No, they may have only one registered employer
4
Q
What is a group license?
A
Sales associates and broker associates who are employed by an unlicensed owner of real estate (a developer) are issued a group license
5
Q
What does the group license entitle the licensee to?
A
to work at various sales projects for the owner-developer
6
Q
In a group license situation, who needs to register with the DBPR before conducting real estate services?
A
The licensee AND the owner-developer
