What is the consequence of failing to appoint a new broker within 14 days?

Failing to appoint a new broker within the specified 14 days leads to the cancellation of the corporation's registration. This requirement is crucial for maintaining compliance within the regulatory framework of real estate operations. When a corporation loses its designated broker, it is imperative to appoint a new one promptly to ensure continuous legal representation and oversight of real estate activities.

If this appointment does not occur within the designated timeframe, the registration is not merely suspended but ultimately canceled, which means the corporation can no longer operate legally in real estate transactions. This serves to protect the integrity of the real estate market by ensuring that all entities are under the supervision of a qualified broker who possesses the necessary expertise and credentials.

Other options, while they may capture various aspects of regulatory actions, do not accurately reflect the specific consequence of failing to appoint a new broker in the given timeframe.