Assume the responsibility for running a brokerage firm

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Reference no: EM131489502

1. Effective January 1, 2014, a new single-track post-license course of 30 hours is required of all new licensees, to be completed in the first year of licensure. The number of hours for Real Estate Law and Regulations is

a. two.

b. four.

c. six.

d. eight.

2. Legislation in 2014 established the priority for who would assume the responsibility for running a brokerage firm upon the death or disability of the principal broker. The first order of priority for the person designated by the broker to run the firm is

a. the broker’s personal representative.

b. the person holding power-of-attorney.

c. the broker’s executor.

d. an adult family member.

Reference no: EM131489502

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