Question #1 of 50
Question ID: 542593
The only broker in a small brokerage corporation died. Which isNOT correct?
A)
The corporation license is voided by the Commissionimmediately.
B)
The corporation has 14 days to fill the vacancy.
C)
No new brokerage business may be performed by the corporation orany licensee registered with the corporation until a new activebroker is registered with the Commission.
D)
The corporation must immediately notify the FREC of the vacancyand of the steps taken to fill this vacancy.
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