Question

An insurance policy pays for a random loss x subject to a deductible of c, where 0 < c < l. The loss amount is modeled as a continuous random variable with density function?

Answer 1

A broker company without a real estate license can be ordered to cease all real estate activities, apply for a license, and/or pay a fine. Continuing operations without a license is not a legal option.

Step-by-step explanation:

If a broker company does not have a license to practice real estate, it is subject to regulatory consequences. Having a licensed broker on staff is not a substitute for the company itself holding a license. Regulatory authorities can demand the following actions:

1. Cease all real estate activities until proper licensing is obtained.
2. Continue operating without a license is not a legitimate option, as it would be illegal and could subject the company to further administrative actions and sanctions.
3. Apply for a license as required by law to legally conduct real estate business.
4. Pay a fine for operating without a license, which may be imposed in addition to or instead of other actions.

Typically, regulatory authorities will not allow the company to operate without the proper licenses. The company must remedy the situation to comply with legal requirements by either obtaining the necessary licensing or halting operations.