7.2. The cessation of employment of the agent or, as the case may be, the breach of the contract whereby he is authorized to act on behalf of the broker or registered builder shall of itself suspend the real estate agent’s permit unless the cessation or breach results from a change of status with the same broker or registered builder.
The Superintendent, on request, may reinstate the permit when the real estate agent is again in the employ of a broker or of a registered builder or a party to a contract authorizing him to act on behalf of any of them.