Massachusetts License Law
When a licensed Massachusetts broker dies, their brokerage may continue to operate for a limited time under the supervision of:
AAny licensed salesperson at the firm
BA licensed broker designated by the estate or surviving partners✓ Correct
CThe Massachusetts Board of Registration directly
DA real estate attorney in the same town
Explanation
When a broker dies or becomes incapacitated, Massachusetts law allows for a temporary designated broker arrangement to keep the business operating while the estate is settled or a new qualifying broker is identified.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
License Law
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