What must a broker do when operating under multiple licenses?

When a broker operates under multiple licenses, it is essential to designate which license is being used for specific transactions or activities. This requirement is crucial for maintaining clarity and ensuring compliance with regulatory standards. Each license may be associated with different brokerage entities or types of real estate services, and clear designation helps to avoid confusion regarding the status of representation and the responsibilities inherent to each license.

By designating which license is in use, the broker ensures that all parties are aware of the broker's legal standing in a given transaction and that the appropriate regulations pertinent to that particular license are being followed. This practice also aids in maintaining accurate records and keeping track of the broker’s activities as required by regulatory bodies. Therefore, clear designation is not merely a best practice; it is also a necessary step to uphold the professionalism and integrity of real estate transactions.