Leasing License Practice Exam

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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!

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When are sponsor cards issued and who issues them?

Immediately after employment
24 hours after license
48 hours after renewal
One week after application

The correct answer is: 24 hours after license

Sponsor cards are issued 24 hours after the individual has received their license. This process is important because it identifies and certifies that a newly licensed individual is sponsored by a licensed broker, which is a requirement for them to operate in real estate activities. The issuance of the sponsor card indicates that the new licensee is officially recognized and can begin practicing under the supervision of their sponsoring broker. In the context of the other choices, receiving a sponsor card immediately after employment or one week after application would not align with the regulatory process that ensures the proper verification of licensure before sponsorship. Additionally, waiting 48 hours after renewal does not apply since sponsor cards are specifically tied to initial licensure and not to the renewal process. Hence, the 24-hour timeframe after receiving the license is the correct and established procedure.