RES exam question on Regulation & the CEA Framework: A newly registered salesperson considers his obligations
Case study — A newly registered salesperson considers his obligations. He is registered with the CEA under one estate agent. He is offered side work introducing deals for an unlicensed outfit. He must keep up his CPD. Evaluate the statements: (i) A salesperson may be registered with only one estate agent at a time (ii) Carrying out estate agency work for an unlicensed person is not permitted (iii) CPD requirements apply to him (iv) He may freely register with several agencies simultaneously Which statements are CORRECT?
- A(i), (ii) and (iv) only
- B(ii) and (iv) only
- C(i), (ii) and (iii) only
- D(i), (ii), (iii) and (iv)
Show answer & explanation
Answer
C. (i), (ii) and (iii) only
Explanation
A salesperson may be registered with only one estate agent at a time, so (i) is correct. Carrying out estate agency work for or introducing deals to an unlicensed outfit is not permitted, confirming (ii). CPD (Continuing Professional Development) requirements apply to him, so (iii) is correct.
Why the other options are wrong
- (iv) is wrong: he cannot freely register with several agencies simultaneously; only one registration is allowed at a time.
Study the concept behind this question: Estate Agent Licensing vs Salesperson Registration (CEA)
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