How many calendar days does a broker have to be replaced before facing penalties?

In the context of real estate brokerage, the correct timeframe for a broker to be replaced before incurring penalties is 14 days. This stipulation ensures that there is a clear and timely process in place for the transition of responsibilities and to maintain compliance with regulatory standards. The 14-day period is designed to protect all parties involved, ensuring that clients are not left without representation and that the brokerage can maintain operational continuity. This guideline helps uphold the integrity of the real estate profession and encourages brokers to address staffing changes promptly to avoid potential penalties. Knowing this timeframe is crucial for brokers to manage their practices efficiently and adhere to the required legal frameworks.