Question 6

A licensee who transfers his license to another realty firm may, by agreement with both brokers, transfer any listings originally obtained by the licensee to the new broker.

When a licensee transfers their license to a new realty firm, they have the option to transfer their listings, provided there is mutual agreement between both the former and new brokers.

A) must file the transfer application with the Missouri Real Estate Commission within 30 days after the license is returned to the Commission.

This statement is incorrect because it pertains to the procedural requirement of filing a transfer application, rather than addressing the details of transferring listings. While the filing process is crucial, it does not capture the essence of whether listings may be transferred.

B) must leave all listings with the former broker.

This option is not correct as it implies that the licensee has no ability to take their listings with them, which contradicts the potential for transferring listings by agreement. In fact, the licensee can transfer listings if agreed upon by both brokers.

C) may, by agreement with both brokers, transfer any listings originally obtained by the licensee to the new broker.

This statement is accurate and reflects the correct procedure for transferring listings during a license change. It highlights the importance of agreement between the brokers, allowing for a smooth transition of business.

D) may begin selling for the new broker as soon as the transfer request has been mailed by priority mail to the Missouri Real Estate Commission.

This statement is incorrect because it suggests that the licensee can start working for the new broker immediately upon mailing the request. The transfer needs to be processed by the Missouri Real Estate Commission before the licensee can legally operate under the new broker.

Conclusion

The correct answer, C, emphasizes the flexibility licensees have in transferring their listings, contingent upon agreement from both brokers. Options A, B, and D either misrepresent the conditions for listing transfers or fail to acknowledge the necessary agreement between brokers, demonstrating that C is the only accurate and comprehensive option.