What must be done with a broker's license upon termination of their relationship with the managing broker?

What must be done with a broker's license upon termination of their relationship with the managing broker?

• A. It must be destroyed
• B. It must be returned to the commission
• C. It must be submitted to an attorney
• D. It must be filed in a public record

Answer: (B)

Upon the termination of a broker's relationship with their managing broker, it is required that the broker's license is returned to the commission. This ensures that the licensing authority is aware of the change in the broker's status and can update their records accordingly. Returning the license is a necessary administrative step to prevent any potential misuse or misrepresentation of a broker's ability to operate and conduct real estate transactions after their formal association has ended. Maintaining accurate records is crucial for regulatory compliance and the integrity of the licensing process, which is why returning the license to the commission is the correct procedure.

Upon the termination of a broker's relationship with their managing broker, it is required that the broker's license is returned to the commission. This ensures that the licensing authority is aware of the change in the broker's status and can update their records accordingly. Returning the license is a necessary administrative step to prevent any potential misuse or misrepresentation of a broker's ability to operate and conduct real estate transactions after their formal association has ended. Maintaining accurate records is crucial for regulatory compliance and the integrity of the licensing process, which is why returning the license to the commission is the correct procedure.