What must a broker provide to the real estate commission when transferring from one firm to another?

What must a broker provide to the real estate commission when transferring from one firm to another?

• A. A $50 transfer fee.
• B. Proof of passing the state licensing examination.
• C. A properly signed transfer application.
• D. The wall certificate.

Answer: (C)

A broker must provide a properly signed transfer application to the real estate commission when transferring from one firm to another. This transfer application is a necessary document that formally notifies the commission about the broker’s change of affiliation with a different real estate firm. By submitting this application, the commission can update their records and ensure that the broker’s licensing status reflects their current association. This process helps maintain accurate information regarding brokers operating in the state, which is essential for regulatory compliance and consumer protection. The other options, while they may seem relevant, do not fulfill the specific requirement for formalizing a transfer. For example, a transfer fee or proof of passing the licensing examination does not pertain directly to notifying the commission about a firm change, and a wall certificate typically pertains to proof of licensure but is not required for the transfer process.

A broker must provide a properly signed transfer application to the real estate commission when transferring from one firm to another. This transfer application is a necessary document that formally notifies the commission about the broker’s change of affiliation with a different real estate firm.

By submitting this application, the commission can update their records and ensure that the broker’s licensing status reflects their current association. This process helps maintain accurate information regarding brokers operating in the state, which is essential for regulatory compliance and consumer protection.

The other options, while they may seem relevant, do not fulfill the specific requirement for formalizing a transfer. For example, a transfer fee or proof of passing the licensing examination does not pertain directly to notifying the commission about a firm change, and a wall certificate typically pertains to proof of licensure but is not required for the transfer process.