If a sole proprietor broker passes away, what can the commission permit?

The commission permit allows an associate broker to close transactions in the event that a sole proprietor broker passes away. This is essential for maintaining continuity in the business and ensuring that clients are not left without representation during a difficult time. The associate broker, already licensed and familiar with the operations of the brokerage, can handle ongoing transactions, which helps uphold the integrity of real estate practices and protects the interests of clients.

Continuing transactions through an associate broker ensures that there is no interruption in service, which can be crucial for buyers and sellers who are in the midst of property transactions. This provision helps facilitate a smoother transition, respecting the responsibilities owed to clients even in the absence of the sole proprietor.

While other options may seem relevant, they do not align with the established guidelines. For instance, allowing another broker to take over the business would usually require formal arrangements and is not typically an immediate solution. The broker's family conducting business might lack the appropriate licensing and knowledge to operate effectively, and a temporary license for the broker's assistant would not ensure the same level of authority and responsibility in closing transactions. Thus, the option of an associate broker stepping in is the most viable and appropriate response in this situation.