Delaware Code Title 24. Professions and Occupations § 2921. Notice and procedure on termination of licensee's employment;  new license as prerequisite to resumption;  inactive status

(a) When any licensee is terminated by the broker or broker organization or voluntarily terminates, the broker shall immediately notify the Commission of such termination.

(b) Upon completion of a form as provided in the rules and regulations and payment of the prescribed fee, the Commission shall place any active licensee on an inactive status for an unlimited amount of time.  A licensee may reactivate an inactive status license, subject to payment of the biennial registration fees, for such time as the license has been inactive, and upon submission of proof of fulfillment of continuing education requirements for each renewal period.

(c) A licensee may transfer his or her license from 1 broker to another upon completion of a form as provided in the rules and regulations and upon payment of the prescribed fee.  The releasing broker must file a completed form with the Commission within 5 business days of obtaining a sponsoring broker and the transferring licensee’s signatures on the form.