Real Estate · State License Law and Commission

In general, what must a licensee do if their personal information, such as their home address or license status, changes?

Correct answer

Notify the licensing authority of changes such as address, name, or employing broker, within the time and manner the state requires, to keep records current

  1. A Nothing needs to be reported
  2. B Notify the licensing authority of changes such as address, name, or employing broker, within the time and manner the state requires, to keep records current
  3. C Wait until the next renewal regardless
  4. D Report only to their broker, never the state

Why this is the answer

States require licensees to keep their records with the licensing authority current. Common reportable changes include a change of name, mailing or residence address, employing or sponsoring broker, or contact information, and a licensee must usually notify the commission within a set number of days and in the form the state specifies. Changing brokers in particular often requires formal transfer of the license. Keeping this information accurate lets the regulator communicate with the licensee and the public verify license status. The exact deadlines and procedures vary by state, but the general obligation to promptly report changes to the licensing authority is a standard state-portion requirement.
Source: Real Estate State Portion, Reporting Changes

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