Who holds the responsibility for notifying the Dealer Board when a salesperson leaves a dealership?

The dealer holds the responsibility for notifying the Dealer Board when a salesperson leaves a dealership. This accountability ensures that the records maintained by the Dealer Board are accurate and up-to-date, which is essential for regulatory compliance. As the entity that is licensed and responsible for the operation of the dealership, the dealer is best positioned to inform the Dealer Board of changes in personnel, including the departure of salespeople.

This requirement helps maintain the integrity of the dealer's license and ensures that any licensing issues related to the salesperson's status are appropriately addressed. Understanding this responsibility is important for dealers to follow the regulations set forth by the state of Virginia and to avoid any potential penalties for failing to report such changes.