The Licensing Board has received complaints from real estate salesmen that their supervising brokers will not return their licenses to the Board office even though they are no longer associated with such broker.
This violation of the Licensing Board's rules can have negative consequences on both the salesman and the broker: It can hamper the salesman's ability to associate with another broker, and it can result in continued liability of the broker for acts performed by the salesman while the salesman's license is in the possession of the broker.
The Board issues this reminder: A supervising broker must return to the Board office the license of any salesman which he supervises immediately upon termination of the salesman's association with such broker. Failure to do so could result in the suspension or revocation of the broker's license. In the event a broker refuses to return such license, the salesman should promptly notify the Board office.