How soon must a broker notify the commissioner after a salesperson's affiliation is terminated?

Prepare for the Minnesota Real Estate Salesperson Exam. Engage with flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The requirement for a broker to notify the commissioner after a salesperson's affiliation is terminated is set at 10 days. This timeframe is established to ensure that the regulatory body has timely updates regarding licensed professionals operating in the real estate market. Prompt notification helps maintain an accurate database of active salespersons and their affiliations, which is crucial for compliance, tracking, and enforcement purposes in the real estate industry. By adhering to this 10-day requirement, brokers contribute to the integrity of the license management system and help safeguard against potential issues arising from unreported terminations.

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