Minnesota License Law
A Minnesota broker is going on extended medical leave. They appoint a licensed broker as a designated supervisory broker. This allows the firm to:
AOperate indefinitely without the original broker
BContinue operating during the original broker's absence under proper supervision✓ Correct
COperate for 90 days then must close
DChange the company name to the supervisory broker's name
Explanation
Minnesota allows a licensed broker to designate a supervisory broker to oversee the firm during the original broker's absence. This ensures continuous proper supervision of all licensees. The arrangement must comply with Department of Commerce requirements and is intended for temporary absences.
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