When a broker terminates his affiliation with an employing broker, what must occur?

When a broker terminates their affiliation with an employing broker, there is a joint responsibility for both parties to notify the Colorado Real Estate Commission. This requirement ensures that all changes are officially recorded, maintaining the integrity of the licensing system and helping to avoid any potential issues related to the broker’s license status. The need for mutual notification protects consumers and allows for proper management of licensing records.

In practice, when an affiliation ends, the commission must be informed promptly to update its records accurately. This facilitates a clear understanding of who is actively representing clients and ensures that all parties involved maintain compliance with Colorado state regulations. Without this joint notification process, inaccuracies in the records could lead to misunderstandings or complications in future transactions or licensing matters.