Question

What do Penelope's associated licensees in Minnesota need to do to continue practicing real estate after her license was revoked?

A) Nothing, they can continue practicing as usual.
B) Apply for a new license individually.
C) Transfer their licenses to a new broker.
D) Form a new real estate agency.

Answer 1

Associated licensees in Minnesota need to transfer their licenses to a new broker after their broker's license was revoked to continue practicing real estate.

Step-by-step explanation:

When a real estate broker in Minnesota has their license revoked, the associated licensees must take action to continue practicing real estate. Specifically, associated licensees cannot continue their practice as usual because the revocation of the broker's licence affects their ability to legally operate under that broker. The correct course of action is for these individuals to transfer their licenses to a new broker. This involves finding a broker who is willing and able to take on the transferring licensees, and completing the necessary paperwork with the Minnesota real estate licensing authority to make the transfer official.