When must a broker notify the commission of a change of address?

A broker is required to notify the commission of any change of address within 10 days. This regulation is put in place to ensure that the commission can maintain accurate and up-to-date records for communication purposes. Timely notification allows for efficient processing of licenses and ensures that all parties involved in real estate transactions can be reached without delay.

The requirement for a 10-day notification period reflects the regulatory body's need to keep current records to uphold standards and ensure compliance within the real estate industry, thus promoting accountability among brokers. This timeframe is designed to strike a balance between giving brokers enough time to inform the commission while still being prompt enough to maintain the integrity of the records.

Other options concerning longer notification periods do not align with the strict standards set by regulatory bodies, which emphasize the importance of timely updates in contact information to support effective operational functions of the commission.