§ 17-520. Change in location of office

   (a) Notice of change in location of principal office. -- Within the time set by the Commission, a real estate broker shall submit to the Commission:

   (1) written notice of any change in the address of the principal office of the broker on the form that the Commission provides;

   (2) the license certificate and pocket card of the broker; and

   (3) a fee for issuance of a new license certificate and pocket card of $ 5.

(b) Issuance of new license certificate and pocket card. -- On receipt of the notice, fee, license certificate, and pocket card, the Commission shall issue a new license certificate and pocket card to the real estate broker for the unexpired period of the broker's license.

(c) Notice of change in location of branch office. -- Within the time set by the Commission, a real estate broker shall submit to the Commission:

   (1) written notice of any change in the address of a branch office of the broker on the form that the Commission provides;

   (2) the branch office certificate; and

   (3) a fee for the issuance of a new branch office certificate of $ 5.

(d) Issuance of new branch office certificate. -- On receipt of the notice, fee, and branch office certificate, the Commission shall issue a new branch office certificate to the real estate broker for the unexpired period of the branch office certificate.

(e) Failure to submit notice. -- If a real estate broker changes the address of the principal office or a branch office of the broker and fails to submit the required notice, the license of the broker shall be suspended automatically until the broker submits the required notice.

(f) Required submissions on change of address. -- If the address of the affiliated brokerage of a licensed associate real estate broker or a licensed real estate salesperson changes, within the time set by the Commission, the licensee shall submit to the Commission:

   (1) written or electronic notice of any change in the address of the brokerage;

   (2) the license certificate and pocket card of the licensee; and

   (3) a fee for the issuance of a new license certificate and pocket card of $ 5.

HISTORY: An. Code 1957, art. 56A, § 4-520; 1989, ch. 3, § 1; 1994, ch. 3, § 13; 2012, ch. 184.