TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1450 REAL ESTATE LICENSE ACT OF 2000
SECTION 1450.230 LEASING AGENT TERMINATION OF EMPLOYMENT
Section 1450.230 Leasing Agent Termination of Employment
a) Upon termination of employment of a leasing agent licensee, the sponsoring broker shall immediately:
1) endorse the leasing agent's license as provided on that document;
2) submit a photocopy of the endorsed license to the Division within 2 days after termination by regular mail or a signature restricted delivery service determined appropriate by the sponsoring broker;
3) retain a copy of the endorsed license at least until the expiration date printed on that license; and
4) give the original endorsed license indicating the termination to the licensee.
b) Once a license is endorsed, the leasing agent licensee is prohibited from practicing until the licensee is again issued a properly completed sponsor card.