What is the maximum continuous period of time that a partnership, association or corporation can operate without at least one member or officer who holds a valid individual broker’s license before the license is revoked by operation of law?
A. 30 days
B. 60 days
C. 120 days
D. 180 days
E. Until March 31st of the reporting year
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The Answer is: C
Citation: 19CFR111.45(a)(b) 19CFR111.30(d)(4)
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