When a broker associate plans to change companies, which statement is true regarding the necessary notifications?

When a broker associate plans to change companies, it is essential for both the new broker and the previous broker to notify the Commission of the change. This requirement ensures that all parties involved are aware of the broker associate's new affiliation and that the records with the Commission remain accurate and up to date.

By ensuring that both brokers notify the Commission, it helps maintain the integrity of the real estate industry and protects the interests of consumers. This process helps to avoid any potential conflicts or misunderstandings regarding the broker associate's licensing status and professional affiliations. Each party has a role in confirming that the transition is officially recognized, which contributes to the overall accountability within the real estate profession.

This comprehensive notification requirement upholds the regulatory standards set by the Commission, supporting transparency and professionalism in real estate transactions.