If a qualifying party dissociates with the licensee, the licensee must requalify with a new party within how many days?

When a qualifying party dissociates from a licensed entity, the law mandates that the licensee must requalify with a new qualifying party within a specific timeframe. In Arizona, this period is set at 60 days. This requirement is in place to ensure that the licensed entity continues to operate within legal guidelines and maintains proper oversight and expertise in its field of work.

Requalifying is crucial because the qualifying party is responsible for ensuring that the work performed meets statutory and regulatory obligations. If the entity fails to appoint a new qualifying party within the stipulated time, it could face penalties, including the suspension of the license. The 60-day timeframe emphasizes the need for timely action to comply with regulatory standards and maintain operational integrity.