Vacancy of active broker Flashcards
(5 cards)
1
Q
How soon does a vacancy of an only active broker need to be filled?
A
within 14 calendar days
2
Q
How long can a vacancy for an only active broker be filled by a temporary broker registered with the DBPR?
A
60 days
3
Q
What must happen after 60 days of the temporary broker filling the spot of the vacancy of an only active broker?
A
The temporary/replacement broker would have to be properly registered with the Florida DOS
4
Q
What happens if you failed to appoint another active or temporary broker within the deadlines?
A
automatic cancellation of the brokerage registration
5
Q
Do the vacancy rules apply if there is more than one active broker?
A
No
