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.