Saskatchewan Real Estate Salesperson Exam Practice Questions - Saskatchewan Real Estate Salesperson Licensing Examination Exam

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If a sole proprietor broker dies or becomes incapacitated, what action may the SREC take to prevent disruption to the brokerage?

Issue a temporary registration to a qualified individual for up to 180 days Automatically transfer all active listings to the Saskatchewan Realtors Association Freeze the brokerage trust account and cancel all pending purchase contracts Require all salespersons to immediately register as independent brokers

Correct Answer:

Issue a temporary registration to a qualified individual for up to 180 days

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