If a broker suspects a terminated licensee is encouraging clients to leave their company, when must they notify the Commission?

When a broker suspects that a terminated licensee is encouraging clients to leave their company, the broker is required to notify the Commission immediately. This requirement is in place to ensure client protection and maintain the integrity of the real estate industry. Immediate notification allows the Commission to take swift action if necessary, addressing potential issues of misconduct or misrepresentation that may occur due to the actions of the terminated licensee.

Timely reporting is crucial in this scenario, as delays could result in clients making decisions based on misleading information or pressure from the former licensee, which the broker has a responsibility to prevent. As the watchful authority in real estate transactions, the Commission relies on brokers to provide prompt information about possible violations or unethical behavior to help uphold professional standards and regulations within the industry.