Tennessee Real Estate License Exam Practice Question
If the principal broker does NOT renew her real estate license, what happens to all currently licensed affiliate brokers in their office?
Correct Answer: A
Rationale: When a principal broker does not renew their license, affiliate brokers must take action to maintain their licensure. Option A is accurate, as it stipulates that affiliate brokers have 10 days to affiliate with a new principal broker or retire their licenses, ensuring compliance with regulatory standards.
Option B is incorrect; there is no provision for a 30-day temporary license in this scenario. Option C misrepresents the situation, as the affiliate brokers’ licenses are directly affected by the principal broker's status. Option D is also wrong; affiliate brokers do not receive refunds or automatically go inactive without taking action to affiliate with a new broker.
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