What must happen if a salesperson transfers to a new company?

When a salesperson transfers to a new company, the appropriate procedure is that the new company must handle the transfer of the salesperson's license using a specific form. This process is essential because the licensing authority needs to ensure that the salesperson's credentials are properly associated with the new employer.

This transfer process allows for the continuity of the salesperson’s license without the need to reissue it or retake any exams, which is important in maintaining the salesperson’s active status and ability to operate legally within the real estate market. By following the established procedure, the new company can ensure that all relevant records are updated, thereby facilitating compliance with licensing regulations.