81-885.20. Broker, salesperson; change in place of business or status; notify commission; fee.

131 words·~1 min read·/ne/chapter-81/81-885-20

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Should the broker change his or her place of business, he or she shall forthwith notify the commission in writing of such change.

(2)When a salesperson or associate broker leaves the employ of a broker, the employing broker shall immediately forward the license of such employee to the commission and shall furnish such information regarding the termination of employment as the commission may require.

(3)When a salesperson or associate broker transfers from one employing broker to another, when an associate broker changes his or her status from associate broker to that of broker, or when a broker changes his or her status to that of associate broker, a transfer fee to be established by the commission of not more than fifty dollars shall be paid to the commission.