Delaware License LawIntermediateDelaware Exam
Under Delaware law, if a broker dies, the affiliated licensees:
AMust immediately cease all real estate activities
BMay continue operating for up to 90 days under a designated surviving licensee to wind down transactionsCorrect
CAutomatically become independent brokers
DAre transferred to the nearest broker's supervision automatically
Why May continue operating for up to 90 days under a designated surviving licensee to wind down transactions Is Correct
Answer B: May continue operating for up to 90 days under a designated surviving licensee to wind down transactions
Delaware law provides for a temporary continuation of a brokerage for a limited period (typically up to 90 days) following the death or incapacity of a broker, to allow orderly wind-down or transfer of affiliation.
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