In a general partnership brokerage with an active broker, what happens if that broker dies?

In a general partnership brokerage, the death of the active broker has immediate implications for the operation of the business. The correct answer reflects the requirement that the partnership must act quickly to adhere to regulatory standards. Specifically, the law mandates that the brokerage must find another active broker within 14 calendar days. This provision ensures that there is always a responsible licensed broker at the helm of the operations to maintain compliance with Florida's real estate laws and to protect consumers.

The urgency of this requirement comes from the understanding that proper supervision is essential in a brokerage setting, and without an active broker, the partnership cannot legally conduct real estate transactions. Thus, the 14-day timeframe is crucial for ensuring that there is continuity in the brokerage's operations and adherence to the rules set forth by the Florida Real Estate Commission (FREC).

Other scenarios, such as being allowed 30 days to find a broker or continuing without a broker due to being registered with FREC, would not provide the necessary legal framework for conducting business, hence are not valid under Florida real estate law. The nature of brokerage operations necessitates that the responsible broker remains active to oversee all activities and maintain the necessary licenses.