Broker Nick operated under the fictitious name of Shield Realty. Although he correctly registered the name when he opened the office, he was recently sited for improperly operating under a fictitious name. Why might that be?

Question

Social Studies

Gina Martinez

7 June, 07:38

Broker Nick operated under the fictitious name of Shield Realty. Although he correctly registered the name when he opened the office, he was recently sited for improperly operating under a fictitious name. Why might that be?

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Answers (1)

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Thor · Answer 1

Broker Nick could hae been sited because his broker license may have expired and the ficticious name with it.

Explanation:

All right, first of all. Licenses expire, so in this case, even when a fictitious name is allowed to be associated with a broker account well it needs to be renewed because if not. The operations won't have the proper rights to operate. It is like a driver's license. You need to renew it, otherwise, you are not allowed to perform the activities associated with it. That is the reason to check periodically if the license is still available to perform the related tasks.