Question: 1 / 170

In which scenario would a broker need to notify the Board about an office move?

When moving locations without a written contract

When the office address changes

A broker must notify the Board when there is a change in the office address because the Board needs to maintain updated records of all licensed real estate professionals, including their business locations. Maintaining current contact information, including the office address, is essential for regulatory compliance, as it allows for proper correspondence and ensures that clients and other associated parties can reach the broker if necessary.

When an office address changes, it can affect the way clients perceive the broker's business and its operations. Additionally, the Board uses this information for various reasons including inspections, audits, and maintaining the integrity of the licensing process. While other options may pertain to important aspects of real estate practice, a change in office address is directly tied to the regulatory requirements of maintaining an active and compliant brokerage license.

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Only when selling the office

Only if a salesperson is dismissed

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