Final answer:
The new broker must notify the Oklahoma Real Estate Commission (OREC) when an associate moves to ensure updated records and regulatory compliance.
Step-by-step explanation:
When an associate moves, the new broker must promptly notify OREC, which stands for the Oklahoma Real Estate Commission. It is essential for maintaining up-to-date records and ensuring compliance with real estate regulations. The notification process typically involves updating the associate’s address and contact information in OREC’s system, which can be done online or through a form provided by the commission. Any delay or failure to comply with this process could result in fines or other disciplinary actions for the broker. Therefore, it is imperative that the broker acts swiftly to fulfill this regulatory requirement.