What must a builder do if they decide to discontinue operations?

When a builder decides to discontinue operations, the proper protocol is to notify the Board and surrender their license. This is important because it keeps the licensing body informed about active license holders and ensures that the builder is no longer operating under the authority of that license. Surrendering the license prevents any potential misunderstandings regarding the builder's status and helps maintain compliance with regulatory standards. It is a critical step to formalize the cessation of activities and avoid legal or financial repercussions associated with operating without a valid license.

The requirement to notify the Board and surrender the license also reflects the importance of accountability within the industry. If builders do not take these steps, it could lead to situations where their license could be misused or misrepresented, potentially impacting both clients and the broader marketplace.

Other options, such as transferring the license or posting a public notice, do not address the formal requirements set by the Board for discontinuing operations. Selling equipment or materials, while it may be a practical step in winding down a business, does not fulfill the necessary regulatory obligation of notifying the licensing authority.