NYC Rules of the City of New York

§ 62-11 — Provisions in the Event of Licensee's Death.

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What is NYC RCNY § 62-11?

Quick Answer

(a) When an individual Broker dies, the Administrator of his or her estate may complete any unfinished Brokerage business. (b) The Administrator must be authorized for this purpose under the provisions of § 2108 of the Surrogate's Court Procedure Act.

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§ 62-11 Provisions in the Event of Licensee's Death.

RCNY § 62-11

(a)When an individual Broker dies, the Administrator of his or her estate may complete any unfinished Brokerage business.

(b)The Administrator must be authorized for this purpose under the provisions of § 2108 of the Surrogate's Court Procedure Act.

(c)The Administrator's authority cannot extend beyond 120 days from the date of the Broker's death unless the Commission extends this time period for good cause.

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