Final Answer:
In the event of the death or physical or mental incapacity of a qualifying broker, the commission shall be immediately notified, and the licensed corporation, limited liability company, or partnership shall appoint a new qualifying broker within C) 6 days.
Step-by-step explanation:
In real estate regulations, the timely appointment of a new qualifying broker in the event of the death or incapacity of the current broker is crucial. The requirement stipulates that the commission must be notified promptly, and a new qualifying broker should be appointed within a specific timeframe, which is 6 days in this case.
This regulatory provision ensures continuity in the operations of real estate entities and guarantees that there is a qualified individual overseeing the activities of the corporation, limited liability company, or partnership. The 6-day timeframe strikes a balance between the need for swift action and the practicalities of the appointment process, allowing for a smooth transition in leadership.
Failure to adhere to this timeframe may result in regulatory consequences, emphasizing the significance of promptly addressing changes in qualifying broker status. Overall, the correct answer is C) 6 days in compliance with real estate regulations.