Question

Upon the death or disability of a licensed real estate broker who was engaged in a proprietorship or who was the only licensed broker in a corporation or partnership, the estate, an adult family member, or an employee of the licensee conclude the broker’s business for ____ following the death or disability of the broker.

Answer 1

Answer:

180 days following the death or disability of the broker.

Explanation:

According to the real estate regulations, in the event of circumstances such as death or disability of a broker (a person who buys or sells real estate assets for others), an adult family member of the deceased can conclude the broker’s business for 180 days following the death or disability of the broker.

However If there is no adult family member available, then an employee of the deceased broker is selected.