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Brokerage Standards Manual

VII. Brokerage Office Business Practices

Changes In Partnerships

Section 2-14 of the Rules provides that when a brokerage licence is issued to a partnership, the licence is specific to the partnership as it exists at the time of application. If there is any change in the partners, the brokerage licence is cancelled effective 14 days after the change, unless the Council has permitted a longer period for the brokerage licence to be effective.