What should a broker do after the revocation, suspension, or lapse of their license regarding other business operations?

When a broker faces the revocation, suspension, or lapse of their license, the most appropriate action is to continue operations until all deposits are disbursed. This is important because the broker has a fiduciary responsibility to their clients, particularly concerning the handling of funds in trust or escrow accounts. Even though the broker's license is no longer active, they must ensure that clients' money is appropriately managed and returned or disbursed as necessary.

Continuing operations under these circumstances allows the broker to fulfill their obligations to clients and avoid potential legal issues that could arise from mishandling trust funds. This practice reflects professionalism and a commitment to ethical standards, which are essential in the real estate industry.

The other options would not meet the legal and ethical obligations that a broker has toward their clients. Stopping all operations immediately could leave clients vulnerable, particularly if funds are left unresolved. Transferring operations to a partner might not be feasible or licensed without proper authorization during a license suspension or revocation. Focusing only on escrows could neglect other responsibilities tied to the business operations that still require attention, thus failing to uphold ethical standards.