How many days does a broker have to notify the Commission of a licensee's change of address?

A broker is required to notify the Commission of a licensee's change of address within 10 days. This timeframe is established to ensure that the Commission maintains up-to-date records for all licensed individuals, which is crucial for communication and regulatory purposes. Keeping accurate and current data about licensees helps in proper enforcement of real estate laws and ensures that all professionals are reachable for compliance checks and other necessary communications. Understanding this requirement is important for real estate professionals as it emphasizes the responsibility brokers have in managing their team's compliance with state regulations. The other options either allow too little time or too much, which does not align with the regulatory intent of maintaining prompt and accurate record-keeping.