Question 44

Before an affiliate broker may join a second residential firm while still affiliated with a commercial firm, he must terminate his current affiliation and file the required change request.

An affiliate broker must terminate their current affiliation with the commercial firm and file the necessary change request to legally join a second residential firm. This process ensures compliance with industry regulations regarding dual affiliations.

A) obtain current broker’s written consent to dual affiliation

This option is incorrect because simply obtaining written consent from the current broker does not fulfill the requirement for dual affiliation. The regulations specify that the current affiliation must be terminated before an affiliate broker can join another firm.

B) obtain the Commission’s authorization for dual affiliation

While obtaining the Commission’s authorization may seem relevant, this option is incorrect as it does not address the necessity of terminating the current affiliation. The primary step required is to end the existing relationship with the commercial firm.

C) terminate his current affiliation and file the required change request

This option is correct because it accurately reflects the legal requirement for an affiliate broker who wishes to join a second residential firm. Termination of the current affiliation with the commercial firm and filing a change request is necessary for compliance.

D) complete additional education in residential contracts

This option is incorrect as it does not relate to the requirements for dual affiliation. Completing additional education may be beneficial but is not a prerequisite for joining a second residential firm while already affiliated with a commercial firm.

Conclusion

The correct answer is C, as it outlines the specific legal requirement that must be fulfilled before an affiliate broker can pursue dual affiliation with another firm. Options A, B, and D fail to address the necessary steps outlined in the regulations, emphasizing the importance of officially terminating the existing affiliation. Therefore, C is the only option that accurately reflects compliance with the relevant industry standards.