Question

The broker of Merit Realty in Duluth becomes incapacitated, how long may the temporary broker serve?

A) Until a replacement is found.
B) For up to 90 days.
C) Indefinitely.
D) Until the end of the fiscal year.

Answer 1

The temporary broker may serve until a replacement is found.

Step-by-step explanation:

The term "temporary broker" is not a standard or universally recognized designation in the context of real estate licensing. However, in some cases, individuals might use the term to refer to someone who holds a temporary or provisional real estate broker license.

In various states, real estate licensing authorities may issue provisional or temporary licenses to individuals who have met certain requirements but may still need to fulfill additional conditions before obtaining a regular or permanent broker license. These temporary licenses are often granted to new licensees, and the conditions attached to them may include additional education, training, or mentorship requirements. The temporary broker may serve until a replacement is found.