Upon the dissolution of a corporation, the principal broker's license must be returned to LREC within how many days?

The correct answer is that the principal broker's license must be returned to the Louisiana Real Estate Commission (LREC) within 10 days upon the dissolution of a corporation. This requirement is put in place to ensure that the LREC is promptly informed of changes in broker status, which is essential for maintaining accurate records and ensuring compliance with licensing regulations. Timely return of the license helps to protect the integrity of the real estate industry and prevents any unauthorized practice of real estate by the dissolved entity.

The guidelines are designed to avoid delays in processing and to ensure that the broker’s responsibilities are officially concluded in a timely manner.