No correct answer was provided, nor citation – could you provide both on this one?
10. Question 1 point
Mary, a licensed broker who is the qualifying member of a licensed partnership retires from the brokerage. Which of the following statements is correct?
A. The broker has 180 days to replace Mary or the license will be revoked by operation of law.
B. The broker has 120 days to replace Mary or the permit will be revoked by operation of law.
C. The broker may not continue conducting Customs business since Mary was the only licensed partner.
D. The broker must immediately give written notice to the Commissioner and to each port director where the broker is permitted.
E. The broker has 120 days to replace Mary or the license will be suspended until a replacement is found. .
Correct choice is: <MISSING>
Explanation: CFR 111