If a resident licensee becomes a nonresident, how many days does he or she have to notify the Commission of this change?

In the context of real estate regulations, when a resident licensee changes their status to become a nonresident, it is vital for them to inform the Commission to maintain compliance with licensing laws. The correct time frame for this notification is 60 days. This requirement is likely established to ensure that the licensee remains accountable and that the Commission can keep up-to-date records on licensee status, which is essential for regulatory purposes.

This timeframe allows the Commission to process the change and make any necessary adjustments to the licensee's records. Prompt notification helps avoid potential issues related to licensure, such as operating without a valid license or facing penalties for failure to report changes in status. Understanding this requirement is crucial for licensees to maintain their professionalism and adherence to regulatory standards in the real estate industry.

The other time frames, such as 30, 45, or 90 days, do not align with the established rules, which specifically state the necessity of a 60-day notification period for such changes.