California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 2.1 — Secure and Fair Enforcement for Mortgage Licenses, Section 10166.14
A real estate broker shall notify the department when he or she is no longer subject to this part. If a broker has already made reports required by Sections 10166.07 and 10166.08 within the year, he or she shall continue reports for that year, but shall notify the department prior to the expiration of that year that he or she will no longer be subject to this part in the succeeding year.
Notes
Requires a real estate broker to notify the department when the broker is no longer subject to the part. If the broker already made required reports during that year, the broker must continue reporting for the rest of the year and notify the department before year-end that the part will not apply in the succeeding year.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10166.14 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-2-1/section-10166-14