When the employing broker of a corporate brokerage is suddenly unable to continue in that position, to whom may the commission issued a temporary "hardship" license?

a) person with sufficient ownership interest in the corporation

b) Colorado licensee approved by the corporate board of directors

c) member of the board of directors

d) officer or director with a broker's license from another state

Question

Social Studies

Mackenzie Liu

5 January, 22:16

When the employing broker of a corporate brokerage is suddenly unable to continue in that position, to whom may the commission issued a temporary "hardship" license?

a) person with sufficient ownership interest in the corporation

b) Colorado licensee approved by the corporate board of directors

c) member of the board of directors

d) officer or director with a broker's license from another state

+5

Answers (1)

Know the Answer?

Sarahi Luna · Answer 1

B. Colorado licensee approved by the corporate board of directors

Explanation:

Every company must have an employing broker at all times. If something should happen to an employing broker, such as leaving the company, the real estate commission can issue a "hardship" license to someone.