Which of the following is NOT a requirement for a broker?

Which of the following is NOT a requirement for a broker?

• A. Must have passed an exam
• B. Must display a sign indicating their licensed status
• C. Must be a resident of California for at least five years
• D. Must maintain an office

Answer: (C)

The requirement regarding residency stipulates that a broker does not need to have lived in California for five years. While various licensing requirements exist, including passing an exam, maintaining an office, and displaying a sign indicating their licensed status, there is no mandate concerning the length of residency specifically tied to licensing as a broker in California. This allows for adequate flexibility in accounting for individuals who may be new to the state but possess the necessary qualifications and skills to operate as a broker effectively.

The requirement regarding residency stipulates that a broker does not need to have lived in California for five years. While various licensing requirements exist, including passing an exam, maintaining an office, and displaying a sign indicating their licensed status, there is no mandate concerning the length of residency specifically tied to licensing as a broker in California. This allows for adequate flexibility in accounting for individuals who may be new to the state but possess the necessary qualifications and skills to operate as a broker effectively.