KRS 324.312: Commission's right to return of associate's license -- Sanction for failure to

return.

(1) A principal broker shall return an associate's license to the commission

immediately:

(a) Upon the written termination of the association between the broker and the

associate; or

(b) At any time upon the commission's request.

(2) If a principal broker fails to return a license to the commission as required by

subsection (1) of this section within five (5) business days, the commission shall

consider the license a s released, and the principal broker shall be in violation of

KRS 324.160(4)(u).