When is a location considered a branch office for registration?

• A. When transactions are closed or sales associates are permanently assigned
• B. Only when signs are displayed
• C. When it's used for office staff meetings
• D. When it's leased separately

Answer: (A)

A branch office is defined by real estate activity taking place at that location, not just by appearance or occasional use. It becomes a branch for registration when actual business happens there—specifically when transactions are closed at that location or when sales associates are permanently assigned to work there. These are clear indicators of ongoing operations and supervision from that site. Merely displaying signs or using the space for staff meetings doesn’t show real estate activity, so it doesn’t by itself make the location a branch. Leasing space separately could suggest a separate office, but it’s the active use for transactions or permanent assignment that makes it a branch.