Final answer:
A licensee can practice real estate under a new broker once their license is active with that broker, all paperwork has been properly filed, and the necessary fees are paid. The exact procedure varies by location, and it is essential to follow legal protocols to ensure continuous legal practice.
Step-by-step explanation:
If a licensee is changing brokers, they are allowed to practice real estate as soon as their license is active under the new broker, and all necessary notifications and transfers have been completed and acknowledged by the appropriate real estate regulatory authority. The specific process and timing can vary by jurisdiction, but generally, the licensee must ensure that their license is properly transferred and any requisite fees are paid before they can begin working with clients under the new brokerage.
It's essential to follow the legal protocols for transferring a license from one broker to another to avoid any period when the licensee would not legally be allowed to practice. This might include signing new employment contracts, transferring listings, or completing other necessary administrative steps outlined by the local real estate commission or regulatory body.