How soon must a broker be replaced if they are no longer able to serve?

How soon must a broker be replaced if they are no longer able to serve?

• A. Within 30 calendar days
• B. Within 7 calendar days
• C. Within 14 calendar days
• D. Within 21 calendar days

Answer: (C)

The requirement to replace a broker who is no longer able to serve is set at a timeframe of 14 calendar days. This period is established to ensure continuity in service and responsibility, allowing the client’s needs to be met without an extended interruption. It reflects the importance of maintaining professional standards in the real estate industry and ensuring that all transactions and client relationships are effectively managed. Stipulating this 14-day replacement rule helps to hold brokers accountable and promotes a level of diligence and reliability within the profession. In contrast, options that suggest shorter or longer periods would not align with the industry standards or regulatory requirements that emphasize prompt action in maintaining service continuity.

The requirement to replace a broker who is no longer able to serve is set at a timeframe of 14 calendar days. This period is established to ensure continuity in service and responsibility, allowing the client’s needs to be met without an extended interruption. It reflects the importance of maintaining professional standards in the real estate industry and ensuring that all transactions and client relationships are effectively managed. Stipulating this 14-day replacement rule helps to hold brokers accountable and promotes a level of diligence and reliability within the profession. In contrast, options that suggest shorter or longer periods would not align with the industry standards or regulatory requirements that emphasize prompt action in maintaining service continuity.