Which of the following is NOT a requirement for a broker?

The requirement regarding residency stipulates that a broker does not need to have lived in California for five years. While various licensing requirements exist, including passing an exam, maintaining an office, and displaying a sign indicating their licensed status, there is no mandate concerning the length of residency specifically tied to licensing as a broker in California. This allows for adequate flexibility in accounting for individuals who may be new to the state but possess the necessary qualifications and skills to operate as a broker effectively.