If the partnership does not appoint another active broker within 14 days of death/resignation, what happens?

• A. Partnership Registration Is Cancelled; Licenses Become Inactive
• B. Partnership Automatically Dissolves With No Penalties
• C. DBPR Appoints a Temporary Broker
• D. Only the Selling Brokers Must Be Replaced

Answer: (A)

When a brokerage partnership must have an active broker of record to supervise and ensure compliance, a replacement must be appointed within 14 days if the current active broker dies or resigns. If no replacement is found in that window, the partnership’s registration with the state is canceled and the licenses held by its licensees become inactive. This rule protects consumers by ensuring there’s always a licensed supervisor overseeing activities, escrow handling, and ongoing compliance.

Other options aren’t correct because the process isn’t about automatic dissolution with penalties, nor about the DBPR automatically appointing a temporary broker, and it isn’t limited to replacing only selling brokers—the requirement applies to the brokerage’s licensed supervision overall.