Leasing License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Leasing License Test using our comprehensive flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Excel in your examination!

Practice this question and more.

What must happen when a licensed leasing agent leaves the employment of a sponsoring broker?

The license is automatically terminated
The agent must retake the licensing course
Endorse the leasing agent's license
The broker must provide a new sponsor card

The correct answer is: Endorse the leasing agent's license

When a licensed leasing agent leaves the employment of a sponsoring broker, the correct process involves the endorsement of the leasing agent's license. This step is necessary for the agent to transition their license to a new sponsoring broker if they choose to continue working in the leasing field. The endorsement essentially indicates that the agent is no longer associated with their previous sponsor and permits them to affiliate with a new broker. The other options provided do not accurately describe the process that takes place. The automatic termination of the license would suggest that the agent is no longer able to work in the industry at all, which is not the case; they can still pursue a new sponsorship. Retaking the licensing course is also unnecessary as the agent's existing license remains valid until it is either endorsed or renewed under new sponsorship. The requirement for the broker to provide a new sponsor card is irrelevant in this context, as the correct action focuses on the endorsement of the license rather than the issuance of a new card.