How long does a salesperson have to transfer to another broker after the broker's death at no charge?

Prepare for the Louisiana Broker Test with comprehensive questions and detailed explanations. Use our study tools to boost your confidence and ace the exam.

In Louisiana, when a broker passes away, salespersons affiliated with that broker are given a specific period to transfer to another broker without incurring any charges. This period is set at 90 days. During these 90 days, the salesperson can seek new employment with a different broker and will not have to pay any fees typically associated with transferring their license.

This timeframe allows salespersons adequate opportunity to make arrangements for their next position following the loss of their broker, ensuring they can transition smoothly into a new role without financial pressure. The other options represent periods that are either too short or too long compared to the established regulation, thus emphasizing the importance of being familiar with state-specific real estate laws and practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy