§ 2752. Notice of Change of Broker.

Whenever a real estate salesperson enters the employ of a real estate broker, the broker shall notify the commissioner of that fact within five days. This notification shall be given on a form prepared by the Department and shall be signed by the broker and the salesperson. The form of notification shall provide for the furnishing of at least the following information:

(1) Name and business address of the broker.

(2) Mailing address of the salesperson, if different from the business address.

(3) Date when the salesperson entered the employ of the broker.

(4) Certification by the salesperson that he has complied with the provisions of Section 10161.8(d) of the Business and Professions Code.

(5) Name and business address of the real estate broker to whom the salesperson was last licensed and the date of termination of that relationship.

(6) Certification by the salesperson that the predecessor broker has notice of the termination of the relationship.

As an acceptable alternative to (5) and (6) above, the form may be utilized by the predecessor broker to give notice of the termination of the broker/salesperson relationship as required by Section 10161.8(b) of the Business and Professions Code if this notice is mailed to the commissioner not more than ten days following such termination.

HISTORY

1. Repealer and new section filed 12-7-73; effective thirtieth day thereafter (Register 73, No. 49). For prior history, see Register 71, No. 1.

2. Amendment of section and repealer and new Note filed 11-27-96; operative 12-27-96 (Register 96, No. 48).

Note

Note: Authority cited: Section 10080, Business and Professions Code. Reference: Section 10161.8, Business and Professions Code.