The failure of a broker to notify the Department of State (DOS) about a company address change can lead to what consequence?

The correct choice relates to the specific regulatory requirements that brokers must adhere to in maintaining their licenses. In New York, brokers are required to keep their business information up to date with the Department of State (DOS). This includes notifying them of any changes in the company's address. Failing to do so can result in significant consequences.

When a broker does not inform the DOS of an address change, it can lead to suspension of the license. Suspension means that the broker's ability to operate is temporarily halted until compliance with the notification requirement is fulfilled. This ensures that the DOS can maintain accurate records and contact brokers as needed, which is essential for regulatory oversight and consumer protection.

Other potential consequences, like revocation of a license, administrative fines, or probationary status, apply to different violations or circumstances, but in this case, the specific consequence of failing to notify about an address change is the temporary suspension of the license. This emphasizes the importance of staying compliant with regulatory requirements to maintain the right to practice in the real estate industry.