What must a real estate licensee do if they wish to cease operations temporarily?

When a real estate licensee wants to cease operations temporarily, it is essential to notify the Real Estate Commission. This step is crucial because it ensures that the Commission is aware of the licensee's status and can manage records accordingly. Maintaining clear communication with the regulatory body helps to uphold industry standards and ensures compliance with state regulations.

Notifying the Commission also protects the licensee from potential disciplinary actions that might arise from inactivity or failure to inform the Commission of changes in operational status. This approach allows the licensee to resume operations more seamlessly once they decide to reactivate their business activities.

In contrast, transferring the license is not necessary for a temporary cessation of operations, as that typically indicates a permanent change of ownership or a move to a different brokerage. Selling all pending transactions would not be feasible or practical for many licensees, as it may disrupt ongoing business relationships and contractual obligations. Finally, maintaining an active status with no changes would not be appropriate if the licensee is indeed planning to pause their operations, as this could mislead clients and violate regulatory requirements.