When the employing broker of a corporate brokerage is suddenly unable to continue in that position, to whom may the commission issue a temporary "hardship" license?

The options available are:

A. person with sufficient ownership interest in the corporation

B. Colorado licensee approved by the corporate board of directors

C. member of the board of directors

D. officer or director with a broker's license from another state

Colorado licensee approved by the corporate board of directors

Explanation:

This is because, all companies are expected to have an employing broker at all times. But in a situation whereby none exist at a given period, then the real estate commission can issue a "hardship" license to someone else to act as the interim employing broker while the company finalizes on a permanent employing broker.

However, the rule for the "hardship" employing broker is that he/she must have an active Colorado license.

Hence, given the options available, the right answer is "Colorado licensee approved by the corporate board of directors"

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