What is the time frame for a licensee to notify the department about a change of address for a branch office?

The time frame for a licensee to notify the department about a change of address for a branch office is 48 hours. This requirement ensures that the department maintains accurate and up-to-date records for all licensed agents and their offices. Timely notification allows for efficient communication and helps in maintaining regulatory compliance. A shorter notification period, such as 24 hours, may not allow enough time for the logistical processes involved in managing office relocations or restructurings, while longer periods, such as 72 hours or one week, could lead to outdated information being on record, which could impact various operational aspects such as licensing, communication, and legal compliance. Therefore, 48 hours strikes a balance, providing a reasonable time frame to inform the department while ensuring the information remains current.