Michigan License Law Practice Test

Under what circumstance can a licensed salesperson hold concurrent licenses with more than one broker?

1. During a transition phase between jobs

2. When one broker allows it

3. Under no circumstances

4. With written consent from both brokers

The correct answer is: Under no circumstances

A licensed salesperson is not permitted to hold concurrent licenses with more than one broker at the same time. This is a foundational principle of real estate licensing in Michigan and is in place to maintain trust, clear agency representation, and ensure accountability in transactions. The law is designed to prevent conflicts of interest and ensure that the salespersons are operating under a single brokerage’s policies and oversight. In other scenarios, while a salesperson may change brokers, they must formally terminate their relationship with the first broker before establishing a new one, but they cannot operate with multiple brokers simultaneously. This prohibition ultimately serves to protect the interests of clients and enhance the integrity of the real estate profession. Therefore, holding concurrent licenses under any circumstances is not allowed within Michigan's real estate regulations.