When must an individual notify the Division of Real Estate if they wish to change their affiliation from one entity to another?

Prepare for the Utah PLM Test with flashcards, multiple choice questions, and detailed explanations. Maximize your chances of passing with a thorough review of lending and mortgage concepts.

An individual must notify the Division of Real Estate before the effective date of the change to ensure compliance with regulatory requirements. This preemptive notification is crucial because it allows for proper updates to the licensing records and ensures that all parties involved, including clients and the Division itself, are aware of the individual's current affiliations. This process helps maintain transparency and accountability within the real estate industry. By informing the Division beforehand, the individual helps to prevent any lapses in their professional status or potential legal issues that could arise from an unreported change in affiliation.

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