What responsibility does a principal broker have when changing a brokerage firm's office location within the same city?

The correct response highlights the specific obligations of a principal broker when relocating a brokerage firm's office within the same city. When a brokerage changes its address, the principal broker must follow the Arkansas Real Estate Commission's regulations to ensure compliance.

According to these regulations, a principal broker is required to submit a picture of the new office sign, return the old licenses and pocket cards, and pay a transfer fee of $30 for each licensee. This process ensures that all licensing information is up-to-date and accurately reflects the current business operations.

Keeping the Commission informed in this manner helps maintain proper records and aids in communication related to the brokerage's activities. This procedure is important for maintaining transparency and following the established rules designed to protect the integrity of real estate practices in Arkansas.