(a)

1. (1) Upon any change of name, address, or place of business, or upon the loss or misplacement of a license or pocket card, the licensee shall promptly notify the Arkansas Real Estate Commission of such change or loss on a form prescribed by the commission.
2. (2) Upon receipt of such notice and other information as may be necessary to issue a new license, the commission shall issue a new license for the unexpired period of the license upon the payment of the license reissuance fee.

(b) All licensees, both active and inactive, shall at all times keep the commission informed in writing of their:

1. (1) Personal residence address;
2. (2) Physical business address; and
3. (3) Mailing address.