If a licensee changes business addresses, the licensee should notify the commission of the change:

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

When a licensee changes business addresses, they are required to notify the commission immediately. This requirement ensures that the commission maintains up-to-date records and can effectively communicate with the licensee. Prompt notification minimizes the risk of misunderstandings or issues related to licensing and business operations.

Timeliness in notifying the commission is crucial in the real estate profession, where accurate and current information is essential for maintaining compliance with regulations and facilitating smooth transactions. Waiting longer than necessary could lead to complications in the licensee’s ability to conduct business, and potentially affects their legal standing as well. Hence, the requirement for immediate notification underscores the importance of keeping the regulatory body informed about any changes that could impact the licensee’s operations.

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