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Pursuant to Section 54(2) of The Real Estate Act where a broker, branch manager, associate broker or salesperson ceases to represent a brokerage:

a)
the registration of that broker, branch manager, associate broker or salesperson is suspended; and
b)
the brokerage shall, no later than five days after the broker, branch manager, associate broker or salesperson has ceased to represent the brokerage, give notice in writing to the Commission that the broker, branch manager, associate broker or salesperson has ceased to represent the brokerage together with the reasons.

Bylaw 725.1 states: "A salesperson or associate broker shall give written notice to the broker or branch manager in person or at the office of the brokerage when he/she is ceasing to represent the brokerage. This notice shall be given prior to termination and shall indicate the date that the salesperson or associate broker will cease to represent the brokerage."