An individual who meets certain conditions may serve as the qualifier for up to firms in any one-year period. How many firms is that?

An individual who meets certain conditions may serve as the qualifier for up to firms in any one-year period. How many firms is that?

• A. One
• B. Two
• C. Three
• D. Four

Answer: (C)

The key idea is how many firms one qualifying person can oversee. The qualifying individual is the person responsible for the licensee’s compliance and day-to-day supervision of work. To keep oversight practical and maintain accountability, the rule limits how many firms a single qualifier can cover. A qualifying individual may supervise up to three firms in any one-year period. If more firms are involved, another qualifying individual must be designated for the additional firms.

The key idea is how many firms one qualifying person can oversee. The qualifying individual is the person responsible for the licensee’s compliance and day-to-day supervision of work. To keep oversight practical and maintain accountability, the rule limits how many firms a single qualifier can cover. A qualifying individual may supervise up to three firms in any one-year period. If more firms are involved, another qualifying individual must be designated for the additional firms.