Title 61 Chapter 2f

Title 61Securities Division - Real Estate Division (Download: PDF | RTF | WordPerfect)
Chapter 2fReal Estate Licensing and Practices Act (Download: PDF | RTF | WordPerfect)
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Section 101 Title.
Section 102 Definitions.
Section 103 Real Estate Commission.
Section 104 List of licensees, registrants, and certificate holders to be available.
Section 105 Fees.
Section 106 Severability.
Section 201 License required.
Section 202 Exempt persons and transactions.
Section 203 Licensing requirements.
Section 204 Licensing fees and procedures -- Renewal fees and procedures.
Section 205 Form of license -- Display of license.
Section 206 Registration of entity or branch office -- Certification of education providers and courses -- Specialized licenses.
Section 207 Change of information -- Failure to notify.
Section 301 Reporting requirements.
Section 302 Affiliation with a principal broker.
Section 303 Sales agents or associate broker -- Affiliated with principal broker as independent contractors or employees -- Presumption.
Section 304 Termination of associate broker or sales agent by principal broker -- Notice.
Section 305 Restrictions on commissions.
Section 306 Rights and privileges of real estate licensees to fill out forms or documents.
Section 307 Rulemaking required for offer or sale of an undivided fractionalized long-term estate -- Disclosures -- Management agreement.
Section 308 Exclusive brokerage agreement.
Section 401 Grounds for disciplinary action.
Section 402 Investigations.
Section 403 Mishandling of trust money.
Section 404 Disciplinary action -- Judicial review.
Section 405 Criminal penalties for violation of chapter -- Other penalties.
Section 406 Grounds for revocation of principal broker's license -- Automatic inactivation of affiliated associate brokers and sales agents licenses.
Section 407 Remedies and action for violations.
Section 408 Court-ordered discipline.
Section 409 Actions for recovery of compensation restricted.
Section 501 Title.
Section 502 Definitions.
Section 503 Real Estate Education, Research, and Recovery Fund.
Section 504 Use of money.
Section 505 Additional license fee.
Section 506 Procedure to make a claim against the fund.
Section 507 Division authority to act upon receipt of petition.
Section 508 Court determination and order.
Section 509 Insufficient funds to satisfy judgments -- Procedure and interest.
Section 510 Division subrogated to claimant -- Authority to revoke license.
Section 511 Authority to take disciplinary action.
Section 512 Failure to comply with provisions constitutes a waiver.
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