193E—8.2(543B) Involuntary closing of a sole-proprietor brokerage. Upon the death or disability of a sole-proprietor broker in which the affairs of the broker cannot be carried on, the following steps are necessary for closing the real estate brokerage business:
	8.2(1) All licensees associated with the broker cease all brokerage activity until their licenses have been transferred to another broker;
	8.2(2) The executor or legal representative of the broker’s estate, if an attorney or a broker, may conclude pending business; and
	8.2(3) The administrator or executor of the broker’s estate or the legal representative of the broker may follow the procedures established in rule 193E—8.1(543B) for voluntary closing.
[ARC 7770C, IAB 4/17/24, effective 5/22/24]