What must a broker do after pleading guilty to a felony conviction while holding a license?

A broker who pleads guilty to a felony conviction while holding a license is required to report this conviction to the appropriate regulatory body, which in this case is the commission. This obligation ensures that the commission is informed of any legal issues that could affect the broker’s ability to operate ethically and legally within the field. Reporting the conviction is crucial for maintaining transparency and accountability within the real estate profession.

It is important to note that other actions, such as paying fines or completing additional training, may be consequences of the conviction but are not the immediate responsibility of the broker. A temporary suspension might happen as part of the commission's process of reviewing the broker's eligibility to continue practicing, but the primary duty to report the felony conviction takes precedence. This reporting allows the commission to uphold the integrity of the profession and enforce its regulatory standards.