When an agent informs their broker of a change, when must the broker return the agent's license to the state?

When an agent informs their broker of a change, the broker is required to return the agent's license to the state immediately. This is crucial because the licensure status of agents is contingent upon the approval and acknowledgment of any changes in their professional status. The prompt return of the license ensures that the state is aware of the current standing of the agent and that all records are up to date.

This process helps maintain regulatory compliance and accountability within the real estate profession. The immediacy emphasizes the importance of accurate record-keeping in real estate practices, ensuring that any changes in the agent's employment or status are promptly acknowledged by the state regulatory body responsible for licensing. Proper handling of such changes is essential to uphold the integrity of the licensing system and to ensure that agents are operating within the legal framework of their respective states.