The options available are:
A. person with sufficient ownership interest in the corporation
B. Colorado licensee approved by the corporate board of directors
C. member of the board of directors
D. officer or director with a broker's license from another state
Answer:
Colorado licensee approved by the corporate board of directors
Explanation:
This is because, all companies are expected to have an employing broker at all times. But in a situation whereby none exist at a given period, then the real estate commission can issue a "hardship" license to someone else to act as the interim employing broker while the company finalizes on a permanent employing broker.
However, the rule for the "hardship" employing broker is that he/she must have an active Colorado license.
Hence, given the options available, the right answer is "Colorado licensee approved by the corporate board of directors"
