Amy and her son Adam operate a real estate firm. Amy is the qualifying responsible broker and the sole owner. Amy was killed in a car accident. Her son Adam is a licensed responsible broker as well and wants to take over his Mom's listings. What must he do?
a) Nothing, as he is already a licensed responsible broker
b) Transfer all listings to another brokerage
c) Apply for a transfer of the firm's license to his name
d) Notify the state regulatory agency of the change in ownership
