(a) The responsible real estate broker who discharges a sales associate for a violation of any of the provisions of this chapter prescribing a ground for disciplinary action, shall file a certified written statement of the facts concerning the violation with the Commission within 24 hours. The failure of the responsible real estate broker to notify the Commission as required by this section may result in the temporary suspension or permanent revocation of the license of the responsible real estate broker, upon notice and hearing.
(b) Whenever a sales associate is discharged or terminates the sponsorship, employment, or contractual relationship with a real estate broker, the real estate broker, not later than 15 calendar days after the discharge or termination, shall mail notification to the Commission with a copy of the former Sales Associate’s license. A copy of this notice must also be sent to the former sales associate.
(c) It is unlawful for any sales associate to perform any of the acts specified in this chapter under authority of the license issued pursuant to this chapter, from the date of discharge or termination until the sales associate is sponsored by another real estate broker and a license is reissued by the Commissioner.