any licensees associated with the brokerage at the time of as to the name, address, and telephone number of the closing
closing must be returned to the commission with the closing agent.
statement; 9. Notify the commission in writing on a form prescribed
3. Notify all current listing, buyer or tenant agreement, by the commission of the location where the records will be
and management contract clients as well as parties and stored and that all requirements of 20 CSR 2250-8.155(2) have
co-brokers to existing contracts, in writing, advising of the been met.
date the brokerage will close. All listing, buyer, tenant, and
management clients must be advised in writing that they (3) Closing as a Result of Death or Disability. Upon the
may enter into a new listing, buyer, tenant, or management death or disability of an individual broker, or upon the
agreement with the broker of their choice; death or disability of one (1) or more of the licensed broker-
4. Remove all advertising signs from all properties which partners, broker-officers, or broker-associates of a real estate
were listed with or managed by the brokerage. Arrange to partnership, corporation, or association in which the affairs of
cancel all advertising in the name of the brokerage, including the partnership, corporation, or association cannot be carried
office signs and telephone listing advertisements; on, the following procedures shall apply:
5. Maintain all escrow or trust accounts until all monies (A) All licensees associated with the broker, corporation,
are transferred to a title company, an escrow company, or partnership, or association must cease all brokerage activity
an attorney for closing of the transaction, or are otherwise until their licenses have been transferred to another broker;
properly