Question

The review of the brokerage services contracts for new licensees must be reviewed by the designated broker within what time frame?

Answer 1

Within 5 business days.

Step-by-step explanation:

According to the Legislature, designated broker must follow a written policy, which addresses, among other things, reviewing by them (or their delegated managing broker) within “five business days of mutual acceptance”. And will be documented and kept at the firm’s record locations.