ELEVENTH GUl~\1 LEGISLNfURE1971 (FIEST) Regular SGssion

GuaD1 Territorial Law Library141 San Ramon Rd.Agana, Guam 96910

CERTIFICATION OF PASSAGE OF AN ACT TO THE GOVE~10R

This'is to certify that Bill No. 69, "AIlAct to add a newTitle. LXI to e1e Government Code of Guam to provide forthe examination and licensing of real estate salesmen andbrokers, establishing a Real Estate Commission, prohibit­ing certain methods of selling or leasing real estate,authorizing disciplinary action against licensed ',real'es­tate brokers and salesmGn, and establishing fees for suchlicenses", was on the 13th day of Hay, 1971( duly andregularly passed. '

~/)if4~-NF. y-;'RAHIHEZ

Speaker

ATTESTED:

~~i-G. M• BAI:1BA

Legislative Secretary

This Act was received by the Governor this 1211.,>

of ~...t.,... , 1971 at 1/: IS" o'clock~. H.day.

~~/'-4~.2;J?-K~ ....c:-:-~.•. ~~. ~ ,(' VINCENT' T. PEREZ ~ --..

Attorney General of Guam

APPROVED:

/

~~~ 'CARLOS~Governor of Guam

DATED: :JU N 30 19D.

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-.1DS86GUAM ~1)'1II,U.t...... !-AlVJlJrrRer .

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ELEV:2N'TH GUI\,l'l LEGISLATurU':1971 (PIRST) Regular Sc~;sion

Bill No. 69

Introduced by---------------,---~. L.Crist:::;ca1

"G.r·1 ~BarnD:1

P.J.Bm..-diJllo

J.B.Bu.tlC:l"

T.C.charfat.;,ros

o.L.Delfin

J.R.Duenus

i-l.D.L.Flo:C8s

F.G.Luj2n

L.S.N.Paulino

J.Ii. •Perez

P.D.Perez

F.T.Ramir.:?z

A.C.Sanch0z

F.R.Santos

A.A.Sekt

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AN ACT TO ADD A NE\'lTI'l'LELXI TO THE GOVER.~gENTCODE OF GUJll1TO PROVIDE FOR TEE EXAMINl1TION MTD

LICENSING OF REAL ESTATE SALES~lliNM~D BROr~RS,ESTABLISHING A REAL ESTATE COHHISSION, PROHIBI'r-:­ING CERTAIN METHODS OF SELLING OR LEASIKG FiliALESTATE, AUTHORIZING DISCIPLINlu~Y ACTION AGAINSTLICENSED REAL ES'I'A'l'EBROKERS AND SALES!·lliN,ANDESTABLISHING FEES FOR SUCH LICENSES.

BE IT ENACTED BY THE PEOPLE OF THE 'rERRITORY OF GUJ\.M:

Section 1. The following nm-; Title L.XI is hereby added to

3 \I the Goverrrment Code of Guam to read as follows:

4 II "Title LXI

5 \I Real Estate Law

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General provisions

Section 57000. Short Title.

Section 57001. Applicability of

definitions.

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Section 57002.

Section 57003.Section 57004.Section 57005."Section 57006.Section 57007.

Commission.

Hembe r •

commissioner.

Department.

Persons.

provisions of this Title

relating to real estate.

Section 57008. provisions of this Title

relating to hearings.

Section 57009.

Section 57010.Section 57011.Section 57012.Section 57013.Section 57014.Section 57015.Sect.ion 57016.

Licensee.

Broker.

Salesman.

Real estate licensee.

Real estate broker.

Real estate salesman.

Advance fee.

Listing.

Section 57000. 'Short Title.' This Title may be

cited as the 'Real Estate Lm·l.'

Section 57001. Applicability of definitions.

The definitions in this Chapter apply to the provisions

of this Title only and do not affect any other prov~-

sions of this Code.

Section 57002. Commission.

to the Real Estate Commission.

'Commission' refers

Section 57003. Member. 'Member' refers to a

member of the Real Estate Co~nission.

Section 57004. Commissioner. 'Commissioner'

refers to the Real Estate Commissioner.

Section 57005. Department. 'Department' refers

to the Department of Revenue and Taxation.

Section 57006. Person. 'Person' includes co-

partnership, corporation, company and firm.

Section 57007. provisions of this Title relating

to real estate. 'provisions of this Title relating to(

real estate' refers to the provisions of chapters 1, 2,

4: and 6 of this Title.

Section 57008. provisions of this Title relating to

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hearings. 'Provisions of this Title relating to hearings'

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estate.

Section 57015. Advance fee. The term 'advance fee'

refers to the provisions of ]\r7.iclc3 of C3v;pt:cr. 2

a broker under any of the provis ions of this 'I'i tIe.

'Real

'Real estate

'Real estate

I Licensee I, vl14en used

I Salesman I, \·:hen used

I Brokc);" I, \·jj"1{-'!n used

Section 57009. Licensee.

Section 57010. Br~~er.

Section 57012. Real estate licensee.

Section 57011. Salemi1an~

Section 57013. Real estate broker.

Section 57014. Real estate salesman.

of this 'I'itle.

a salesman under any of the provision3 of 1:his rritIe.

without modification, refers to a person licensed as

tisement or offer to sell or lease property, other than

estate .licensee I refers to u person~ \\rhether})j:"okeror

sions of this Title.

under Chapter 3 of,this Title.

in a newspaper of general circulation, issued primarily

as used in this Title is a fee claimed, demanded, charged,

Chap·ter 3 of this Title.

withou·t modification, refi.::rsto a person licensed as

for the purpose of promoting the sale or lease of

salesman, licensed under Chapter 3 of this Title.

without modification, refers to iJ person., v.'het,1ier

broker or salesman, licensed under any of the prOVJ.--

man, or both, or soliciting borrowers or lenders for,

to business opportunity or real estate brokers or sales-

or to negotiate loans on, business opportunities or real

received, collected or contracted for a listing, adver-

salesman' 'refers to a person licensed as a salesman

broker' refers to a person licensed as a broker under

business opport~nities or real estate or for referral

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Section 5'7016. Listin.g. The term 'listing I as

used ill this 'I'it1e includes, but is not limiJced to:

(a) The name or a list of the names, of the

o"me:cs, lar:dlords, exchangers, or ~essors, or the

location or locations, of property, or of an

interest in property, offered for rent, sale,

lease, or exch~nge.

(b) The name, or a list of the names, or the

location or locations at which prospective or

potential purchasers, buyers, lessees, tenants or

changers of property may be found or contacted.

(c) An agreement by which a person who is

engaged in the business of promoting the sale or

lease of business opportunities or real estate

agrees to render to an owner or lessee' of such

properi:y any services, to promote the sale or

lease of said propert~.

(d) An agreement by which a person who is

engaged in the business of finding, locating or

promoting the sale or lease of business oppor- -

tunities or real estate, agrees to circularize,

notify or refer business opportU:nit~es:or'real

estate brokers or salesmen, or both, to said

property which is offered for sale or lease.

CHAPTER 2

Administration

ARTICLE I

Section 57050. Director of Revenue and

Taxation: Commissioner.

Section 57051. Conuuission recognized:

number and appointment

of members.

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board member.

Section 57052. Terms of commission members:

Section 57061. Commission records to be

Section 57057. Chairman of co~~ission.

The Director of Revenue and Taxation is

open to public inspection,

Section 57060. Functions of commission.

when: exceptions.

appointee ..

All members of the commission (except the

filling of v~cencies.

Section 57052. Terms of co:nmission membt'n-s:

Section 57053. Business qualification of

Section 57055. Compensation .::md e:-:penses.

Section 57054. Resid.ence qualification of

Section 57056. Meetings of corrunission:

place: notice.

Section 57059. Commission meetings to be

act of majority.

open and public: exceptions.

Section 57058. Quorum: effect of vacancy:

Section 57050. Director of Revenue and Taxation:

Section 57051. Comn1ission recognized: number and

the Real Estate COIT~issioner.

appointment of members. There is a Real Estate Commission

and with the advice and consent of the Legislature.

Commissioner.

appointed for a term of four years and they shall hold

other members.

filling vacancies. l·tembersof the commiss ion shall be

office until the appointment and qualification of

Commissioner) shall be appointed by the Governor, by

which consists of the Real Estate CO~TIissioner and four

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Goverrument Code of Guam.

duties.

Each member shall be allowed his actual and

15, 1974.

£il.oa::;t'l'he tenlS of the m(~rnbCl-s of t}"lC con1n1.i~:::::~ic)r~

their successors.

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expire as f0110\'/5: one merrlber, Jam.1.Jry J:5, 1972; one

Section 57056. Meetings of commission: place:

member, Januqry 15, 1973; and tvlO memD0rs, J<inuary

One member of the commission shall be a representative

Governor for the unexpired term.

Section 57055. Compensation and expenses. Each

Section 57053. Qualification of appointees. At

least onl2 person to be appointed a member of the

co~nission shall have been a real est~te broker actively

Section 57054. Residence qualification of co~nis-

tat:ive of the labor community and one a rep~es8ntativc

vacancies from any cause shall be fi11.sd by the

engaged in business as such in Guam for five years.

from the business community; one shall be a represen--

of the cons~~er community.

residents of Guam as defined in Title III of the

sion members. All members of the commission shall be

necessary traveling expenses in the discharge of his

member of the com.rnission, except the Commissioner, sh~ll

serve without compensation.

notice. The commission shall meet together for the

transaction of business at least once each quarter-

It muY meet more often upon five days written notice

of the time and place of meeting, signed by the

year, at such place in Guam as it may designate.

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c~nli.1.1i s S iOl'"1 (?;~ O~... a ma j or:-it~i'()f tl1G n:~:;lt~;~;~~~:': r~:2 :- -~~~_~

commission.

Section 57057. Chairm:Jn of co::::,:L:.~;:L0n. 'E;-I(":

Com.missioner shall be chail.LT;,::nof t;)~,·c--:':~;,:\i::;2:~c.n.

Section 57058. Quorum: effeci: of. \"(;:c?nc~': act

of majority. A majotity of the cornmissi.cnconstitutes

a quorum -for the transaction of any :':::usir:es5, for.'t.he

performance of any duty, or fo~:- the exercise of any

power or authority of the commission.

A vacancy on the commiss ion does not LT.pc! ir the

right of the remaining meITLOCrS to perron" all the duties

and exercise all the po;;,erand uuthol."ityof: the

commission.

The act of the majority of the comDd.ssion, V!})(~n in

session as a.commission I is the act of t:11ecommission.

Section 57059. Commission meetings to be open and

public: exceptions. 1\11 meetings of the commission

shall be open and public, except that the comrnission

may hold executive sessions to prep~re, approve, grade

or administer examinations.

Section 57060. Functions of co~nission. The

commission may:

(a) Inquire into the needs of the real

estate licensees of Guam, the functions of the

department in connection therewith, and the

matter of the business policies thereof.

(b) Confer and advise with the Governor and

other territorial officers as to how the depart-

ment may best serve the territory and the real

estate licensees of the department.

(c) I1ake such recommendLltion and suggestions

of policy to the co~~issioner as the commission

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po"\ver;-5.

J>.RTICLE 2

'1'he Real Estate CCinmi;:.::d.o!""ler

contents.

~~-~'~tJ:or t.11S- '\-/;:::l£c::,,-E.·

as evidence.

Attorney General: opinions

and action as attorney.

salesman.

Seal: certified copies

and p:;:-CpE~~~

adoption: amendment repeal:

against violation.

Estate Commission.

manner: notice to Real

publications in established

mailing copies: charge:

agency: qualifications.

and salesmen: publication:

Section 57078. Bulletins: periodical issuance:

Section 57077. Directory of licensed brokers

Section 57075. Employrn~nt of credit reporting

Section 57076. Actions for injunction

Section 57070. Enforcement of provisions:

Section 57072.

/Section 57073.

Section 57071. Acting as broker 'or

Section 57074. Rules and regulations:

public 3nd of the real est<:ite business in Gnc::w.

progress of the real est:.atG 1.icc:1s':::c!:'" 211d (;£ +..:110

db - ...eer:-lS G:-.•c 1:J..C1.("2.L

Sectio~ 57061. Co~missioD ~ecords to be o~en ~o

the co~mission shall be open to insgec~ion by the public

public inspection, when: exceptions. 1\13. records of

by law.

during regular office hours, eXCe};itCiS ot"i;c:r.:.;iseprovided

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S8ction 57079. Order to d~si2t and refrain

~1e Commissioner shall enforce the provisions of this

Title. He has full power to regulate and control the

'Hi thdra.,·/<::: 1

of object.i-::ms to activities.

of OJ.:'der.

Notice of violation:

using, diss(::Tilir.3Jcior1, o:c publisL-

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s~)mission of materials used in

obtaining ~dvance tee agreements,

ing again3t order as misdemeanor:

etc.: order of Commissioner:

regulation~>, orders or require··

in addi tion to cr imina 1 pro,-

violation of provisions, rules,

determination fOl~1S to be used:

mcnts of Commissioner ~s

qrounds for disciplinary action

ceedings.

Section 57080.

Section 57081.

Section 57071. Acting as broker or salesman. After

from \rio12ting title: recj.s~~C?~

Section 57070. Enforcement of provisions: powers.

issuance and revocation, both temporary and permanent,

in this Title and ~~~ary_ for their enforcement.-- - -------.---

of all licenses to be issued under the provisions of this'---------------Title, and to perfor.m all other acts and duties provided------ -----------------

interested in any real estate brokerage fir.m, as director,

the deputies, or employees of the department shall be

qualifying as such neither the Commissioner nor any of

stockholder, officer, member, agent or employee, or act

as a broker or salesman, or act as a copartner or agent

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\ ~ \ Section 57074. Rules and regulations: adoption:0} o~u \( '.\

b \: amendment or repeal: manner: notice to Real Estate\ '-

.() \1' t'

~}~fr,'commiSs ion 0 The Com:nissioner may adopt, amend, or repeal,l ': ,. rules and regulations for' the administ~ ..!:1.Q.Jl nt._ thi.s TitleIt' \ ~I~\J and such rules and regulations shall be adopted, amended,

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fer ,=,nybrG}:~::' or b,;:-o}'.Grs, salesrn3n or salesmen.

Sect.ion :;7072. Scc::.l: certified copies as evidence.

The Cc~nis~ioner shall adopt a seal with the words 'Real

Esta::(~Commis[siorler Territory of Guc:nn'and such ot'her

device as the C:.J,nmissionermay desire engraved thereon,

by "dhich he shall authenticate ::11e proceedings of his

office.

Copies of all records and papers in the office of the

commissioner cf3rtified under the hand and sec:d of the

Cornmissioner shall be received in evidence in all cases

equally and w'ith like effect as the originals.

Section 57073. Attorney General: opinions and action

as attorney. The Attorney General shall render to the

COl1Ullissioneropinions upon all questions of law relating

to the construc'cion or interpretation of this Title or.

arising in the amninistration thereof that-may be slIDmitted

to him by the Com.ll1issioner.The Attorney General shall

act as the attorney for the Commissioner in all actions

and proceedings brought by or against him under or pur-

suant to any of the provisions of this Title.

or repealed in accordance with the provisions of the

Administrative Adjudication Act. In addition to other

notices required by law, the Commissioner shall notify the

Real Estate Commission of his intention to adopt rules and

regulations at least 30 days prior to such adoption.

Section 57075. Employment of credit reporting agency.

The Con~issioner may secure a credit or investigation

report of any applicant for a license under this Act

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frc~m an a;;;Gnc~/ Cl-1g3.(J",:-:,j. irt tr;G l~L12i;125:; c·E: ~~'L1rnis11 il-,\g

credit reports.

Section 57076. Actions for iDjunctic~ against

violation. 1'Tl-:C!lC~'''''!Cj:- 'c::n(~COlrmi::.':; iO~.1el' l:;elie".;es from

evidence sati:-:;fc:cto::::y to him tnat 2.ny pCl-son has

violated or is about tQ violat8 ~ny of the provisions

of this Title oz any ordc~, license, pCDTIit decision,

dem2no or requirement, or ~ny part or provision thereof

he may bring 2n ~ction i!1t.he n2r:1Sof "1:.hepeople of t.he

territory of C;-.12:-.1 in the Islc:nd Court of Guam against

such person to snjoin SUeZl person from continuing such

violation or engaging therein or doing any act. or acts ~n

furtherance thereof.

In this action an order or jud~f].:lentmay be entered

a\..;ardingsuch prelirninary or fi.n~l injunction as may be

proper r bu·t no prelirninary injunction or· temporary re-

straining order shall be granted \>Jithoutat least five

days' notice to the opposite party.

Section 57077. Directory of license brokers and

salesmen: publication: mailing copies: charge: contents.

The Co~~issioner may ·publish or cause to be published at

appropriate intervals a directory or. list of licensed

brokers and salesmen and may publish therewith such

.matter as he may deem pertinent to this Title. He

shall furnish one copy of such directory to each

licensed broker upon his request- and the payment of an

appropriate charge based upon cost of publication. Such

diLectory may contain copies of this Title, other applic-

able territorial laws, and the Rules and Regulations of

the Real Estate Commissioner.

Section 57078. Bulletins: periodical issuance:

publications in established periodicals. The

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is rescinded.

Section 57080. Notice of violations: withdrawal

to licensees under this Title.

Section 57079. Order to desist and refrain from

If, after such an order

recision of order. vmenever in theviolating Title:

and the: L,c3ministrc::Jcionth2reof, and may publish the

SuIne ch2:cacter of matter in any est.ablished periodical

published in the territory \.;hichin his opinion would

be most likely to disseminate such matter and information

Section 57081. Power of Commissioner to require

ing, or is about to violate, any of the provisions of

this Title, the Comrnissioner may order the person to

ing matter n~ lat.ing to the pro--.r isions of this TitIe,

in any activity after receiving a notice in writing

Cor(~,iis~:;ionermol' p,~:1:iodicallyissue 2 bulletin contain-

is made, a request for he~ring is kiled iriwriting and

opinion of the' ComInissioner any person has or is violat-

this Title, unless the Cowmissioner subsequently, in

desist and refrain from doing so.

from the Commissioner that in the opinion of the

hearing is not held \,rithin60 days thereafter, the order

of objections to activities. No person shall engage

Conmlissioner such activity violates a provision of

writing, withdraws his objections to the activity.

agreements, etc.: order of COlnrnissioner: using, dis-

submission of materials used in obtaining advance fee

to criminal proceedings. The Corrunissionermay require

that any or all materials used in obtaining advance

seminating, or publishing against order as misdemeanor:

sioner as grounds for disciplinary action in addition

rules, regulations, orders or requirements of Cornrnis-

determination forms to be used: violation of provisions,

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fee 2s::c2m,:,nts r includiny but not l.imitccl to t:he

COl1"\::r.:::c·t f01:ms I let:ters or cards used to solicit

prospective sellers, and r2dio, newspaper, and

television adv'~rtising be submitted to hiIn at

least five days before they are used. Should the

cormni.ssionerdetermine that, any such matter I when

used alone or with any other matter, would tend to

mislead he may, '~'ithinfive days of the date he

receives same, order that it not be used., disseminated,

nor published.' Any person using, disseminating, or

publishing any matter which the Commissioner has

ordered, pursuant to this Section, not to be used,

published or disseminated shall be guilty of a mis-

demeanor punishable by a fine not exceeding Five

Hundred Dollars ($500) or by imprisonment not exceed-

ing six months, or both" for each such use, dissernina-

tion, or publication.

The Commissioner may determine the fODn of the

advance fee agreements, and all material used in solicit-

ing prospective owners and sellers shall be used in .the

form and manner which he determines is necessclJ:Yto

carry out the purposes and intent of ,this Title.

Any violation of any of the provisions of ..this

Title or of the rules, regulations, orders or require-

ments of the Con~issioner thereunder shall constitute

grounds for disciplinary action ag~inst a licensee, or

for proceedings under Section 57081 of this Title, or

both. These sanctions are in addition to the crimin~l

proceedings hereinbefore provided.

ARTICLE 3

Hearings

Section 57100. Prescribed procedure:

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pm·,eI's of Commis,;ioner.

Section 57101. Time for filing accusQtion.

Section 57102. Power to proceed Wi~1 inves-

tigatioD, etc., after lapsing,

suspension, ..etc., of license.

Section 57103. Transcript of papers: demand:

fees.

Section 57100. Prescribed procedure: powers of

Ccrnrnissioner. Before denying t suspending or revoking any

license issuabJe or issued under the provisions of this

rritle, thc Commissioner shall proceed as prescribed by

the Administrative Adjudication Act, and the Commissioner

shall have all the powers granted therein.

Section 57101. Time for filing accusation. The

accusation provided for by Section 24101 of the Government

Code shall be filed not later than three years from the

occurrence of the grounds for revocation or suspension

with which the respondent is charged.

Section 57102. Power to proceed with investigation,

etc., after lapsing, suspension, etc., of license. The

lapsing or suspension of a license by operation of law

or by order or decision of the Commissioner or a court

of law, or the voluntary surrender of a license by a

licensee shall not deprive the Commissioner of juris-

diction to proceed with any investigation of or action

or disciplinary proceeding against such licensee, or to

render a decision suspending or revoking such license.

Section 57103. Transcript of papers: demand: fees.

Any party aggrieved by the decision of the Commissioner

may make a demand in writing for a certified transcript

of all the papers on file in his office affecting or

relating to such decision and all the evidence taken on

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CHF..PTER 3

Real Estate Regulations

ARTICLE I

Scope of Regu1~tions

Section 57130. Engaging in business or act-

ing without license: complaint

and assistance of trial: pro-

secution of violations by

A'tt01:l1CY General.

Section 57131. Real estate broker defined.

Section 57132. Real estate salesman defined.

Section 57133. Real '3state salesman further

defined.

Section 57134. Persons and services to which

provisions do not apply.

Section 57135. One act as constituting a

person real estate broker or

salesman.

Section 57136. Same: promissory note secured

by lien on real property.

Section 57137. Lease or leasing includes any

lease.

Section 57138 •• Allegation and proof of

licensed status in action

for compensation.

Section 57139. EmplOYment or compensation of

unlicensed broker or salesman:

payment of compensation by

salesman to licensee other than

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through br'oker: pen3 h:y [or

violation of section.

Section 57140. paymant of delivery of compen-

sation to person not knO'.·ffi or

presenting ·evidence as licensed

broker.

Section 57141. Acting as broker or salesman or

advertising as broker without

being licensed: punisrunent.

Sect~on 57142. Publication of false statement

or representation concerning

land or subdivision: violation

of provisions or orderi punish-

'menti trial for suspension or

revocation of lic~nse: prosecu~

tions by Attorney Gener~l.

Section 57143. Requirements of statements

published by real estate brokers

or salesmen offer}ng to assist

persons in transactions involv-

ing lands owned by the territory

or Federal ,government.

Section 57144. Information to seller and pur-

chaser: contents: closing state-

ment by escrow holder.

Section 57145. Delivery of copy of agreement

authorizing performance of

licensed act.

Section 57146. Rental or rental information:

contract or receipt: repayment

of fee.

Section 57147. Report on assistance by brokers

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contained in assistance

scribe infonoation to be

"i.:iGn fot ... 12~ds O~.·/l·~C'(: 1)~7t.}1'~:

Section 57148. Power of CO:Tu"'1iissioncr tv ):::::2-

It is urlla;..rfultion of violations by Attorney General.

of this Section before the Island Court., and the Commis--

obtaining a real estate license from the department.

():c s~l.O~=r~lC:D in fi~li.;:'~f 1::.I='!)1~:.:.:·-·

The Conunissioner may prefer a complaint for violt1tion

agreements.

Section 57130. Engaging in business or 2cti~g with-

out license: complaint and assistance at tri~l: prosccu-

Section 57131. Real estate broker defined. A real

It is the duty of the Attorney General to prosecute

ing the facts at the trial.

capacity of, advertise or ass~~e to act as a real c3t2te

ter."r itC'r~/ or Fec1cJ_·~·ll gC)\ .•.·21...:::;-.;=-:·r~t <:'

for any person to engage in the busines2, act in the

broker or a real estate salCffioanwithin Guam without first

sioner and, deputies or assistants may asuist in present-

all violations of this Section.

estate bJ:oker \'lithinthe meaning of this Title is a person

tion, sells or offers for sale, buys or orfers to buy,

lists or solicits for prospective purchasers, or negotiates

the purchase or sale or exchange of real estate, who, for

who, for a compensation or in expectation of a compensa-

a compensation or in expectation of a compensation,

improvements thereon, .for another or others, or who,

the sale, purchase, or exchange of leases, rents or

on real estate, leases or offers to lease, or negotiates

places for rent, or collects rent from real estate, or

solicits borrowers or lenders for or negotiates loans

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o~:i1er ·tl1~·~)·1(.:,s c:Jl l;~~::~c;:-:l.'" c·l.... (:·':-':·9).rJ~/2c :Jf t:,}p.ie (JO~,.72J:·rltt~ellt

01: GU&l'tl Cl}:" ?0d.~:;ral gC~"\~':::~:!!~f~l~rlL,fc·r 2 CO:T~f.~ensatiGl1 or

~r~ e:~p(~c-:·~~iorl of 2: CC~1.1?Gri~·';CJ~.:jJ~J11,2ssists or offe)~s to

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i:he purcl·;:.sc~ or lease of r or in IGcating or Gntering

upon, lilnds o,<mect by the t.erritory or Federal government.

Section 57132. Peal est~te salesm~n defined. A

rCC11 est2tc s~11'2s:;,";ln\,,'it.hinthe meaning of this Title is

a natural p~rson \~10, for a compens~tion or in expect~tion. _. -

or a cOl:lpens;Jtion,is (3m}?loyed by 0 licensed real estate

bro1:er to ~,:c:-~11, or offel.-for s21(.~, or to list, or to buy,

or to offer to buy, or to negotiate the purchase or sale

or. exchange of real Gstbte, or to solicit the prospective

pu:cch~sei..-sof real estat.e, or ·to solicit borrm'lers or

lenders for or negotiate a lOen on real estjte, or to

lease, or to negotiate the sale, purchase or exchange of

leases, or offer to lease, rent or place for rent, any

real estate, or irnprovements thereon, or to assist or

offer to assist another or others in filing an applica-

tion for the purchase or lease of, or in locating or·

entering upon, lands o'.<med.by the territory or Federal

government.

S8ction 57133. Real estate salesman further defined.

A real estate salesman within the meaning of this Title

includes a natural person who for a compens.ation is

employed by a licensed real estate broker to sell a

promissory note secured by a lien on real property,

unless such note is sold to an undenlriter or is one

of a series of notes.

Section 57134. Persons and service to which pro-

visions do not apply. The definitions of a real estate

broker and a real estate salesman as set forth in

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trust.

acts within the SCODe of this Title with refe=ence

performs any of the acts with reference to the

or any person acting under order of any court.

p.nyone 'i'lhodirectly perfoLT.'.sany of ·the

---,

Services rendered by an attorney-at-law I

I -.\)\ '-.

(c)

(e) Any trustee selling under a deed of

(d) Any receiver, trustee in bankruptcy,

in performing his duties as such attorney-at-law.

to his O".','1'l property or, in the case of a cor-

poration 'dhicf:,through its regular officers

receiving no special compensation therefor,

(b) Anyone holding a duly executed power

of attorney from the QT.-mer.

corpora tion 's 0\\'11 property.

Section 57135. One act as constituting persons

SGctions 57131 and 57132, do not include the following:

negotiating the purchase or sales or exchange of, or

another to buy or sellar exchange real estate, or

selling real estate of or for another for a compensation

estate, or soliciting borrowers or lenders for or

listing or soliciting pro~pective purchasers of real

or in expectation of a compensation, or offering for

real estate broker or salesman. One act of buying or

another or others, for compensation: or in expectation

negotiating a loan on or leasing or renting or placing

or Federal government, assisting or offering to assist

other than as an officer or employee of the territory

lands ovmed by the territory or Federal governn1ent,

for rent real estate, or collecting rent therefrom, or,

of compensation, in filing an application for the

purchase or lease of, or in locating or entering upon,

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estate broker or real estate salesman within the

this Title.

when such note is not sold to an unden'lrib~r or is not

of action arose.

(1(~ L~ ~1 rcul

It is unlawful for

t' f'"\...one person l.xJj:"OrITiJ.D<"] sUC:ucons-c.itutcs

Section 57139. Employment or compensation of

meaning of this Title.

lien on real property. One act, for a compensation, of

lease. ~~en a lease or leasing is referred to in this

Section 57136. Same: p~omisscry note secured by

selling or offering to sell, buying or offering to buy,

or negotiating the purchase or sale or exchange of a

promissory note secured by a lien on real property~

Section 57137. Lease or leasing, includes any

Section 57138. Allegation and proof of licensed

one of a series of notes, constitutes the person making

Article, it includes any lease, ,..rhethersuch lease is the

such offer, sale, purchase or exchange a real estate

the business or acting in the capacity of a real estate

part of the transaction involved.

status in action for compensation. No person engaged in

or maintain any action in the courts' of Guam for the

and proving that he was duly licensed real estate broker

collection of compensation for the perfoDmance of any

unlicensed broker or salesman: payment of compensation

sale transaction involved, 0r the principal or an incidental

broker or real estate salesman within the meaning of

or real estate salesman at the time the alleged cause

penalty. for violation of section.

of the acts mentioned in this Article without alleging

broker or a real estate salesman within Guam shall bring

by salesman to licensee other than through broker:

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1 any licen;sed rea} estate b~oke): to ern.plo~l ()r CCt:1I)E~ns~t'~~ 1

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directly or indirectly, any person for perfOJ:-ming any

of the acts within the scope of this Ch2pter W!lO is not

a licensed real estate broker, or a re.:;l.estate S·2'.;1es-

man licensed under the broker employing or compensating

him; provided, however I that: a liccn3ed real est:ate bro}:er

may pay a co~~ission to a broker of another territory or

state.

No real estate salesman shall be employed by or

accept co~pensation from any person other than the broker

under whom he is at the time licensed.

It is unlawful for any licensed real estate sales-

man to pay any compensation for performing any of the

acts within the scope of this Chapter to any real estutc

licensee except through the broker under whom he is at

16 the time licensed. For a violation of any of the pro-

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visions of this section, the Commissioner may temporarily

suspend or permanently revoke the license of the real

estate licensee, in accordance with the provisions of

this Title relating to hearings.

Section 57140. Payment or delivery of compensation

to person not known or presenting evidence as licensed

23 broker. It is a misdemeanor, punishable by a fine of

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not exceeding Fifty Dollars ($50) for each offense, for

any person, whether obligor, escrow holder or otherwise,

to payor deliver to anyone a compensation for perform-

ing any of the acts within the scope of this Chapter,

who is not known to be or who does not present evidence

to such payor that he is a regularly licensed real estate

broker at the time such compensation is earned.

For violation of any of the provisions of this

section, the Commissioner may temporarily sUE~pcnd or

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l)e~:rai)lle.ntly r'c\lo1~e the license ()f the rC~21 G~')t3ti:~

licensee in accordance with the provisions of t11is

TitL~ relaJc:Lngto hearings.

Section 57141. Acting as broker or salesman or

advc!:tising as·broker without being lj,cerised:punish ...'T!ent.

Any person acting 2S a real estate broker or real estate

salesman without a license or \1nO advertises using words

indicating that he is a real estate broker wi~10ut b8ing

so licensed shall, upon conviction thereof, if a natural

person, be punished by a fine of not to exceed Five

Hundred Dollars ($500), or by iInprisonrnent for a term

not to exceed six months, or by both such fine and

imprisonment in the discretion of the court; or if a

corporation, be punished by a fine of not to exceed

Five Thousand Dollars ($5,000).

Section 57142. Publication of false statement or

representation concerning land or subdivision: vio12tion

of provisions or order: punishment: trial for suspension

or revocation of license: prosecutions by Attorney

General. Every officer, agent or employee of any

company, and every other person who knowingly autho-

rizes, directs or aids in the publication; advertise-

ment, distribution or circularization of any false

statement or representation concerning any land or

subdivision thereof, offered for sale or lease, or,

if the land is o\'med by the territory or Federal govern-

ment, which such person offers to assist another or

others to file an application for the purchase or lease

of, or to locate or enter upon, and every person who,

,.,ithknowledge that any ~dvertisemcnt, pamphlet, pro-

spectus or letter concerning any said land or sub-

division, contains any written statement that is false

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of GUam.

section.

tributes the S2me, or cvuses the same to be issued,

or fraudulent, issues, circulnt8s, publishes er dis-

omits

is licensed as a real estate broker by the territory

the broker for whom it is published and state that he

government shall, when published, indicate the name of

or enter upon, lands o·..medby the territory or Pederal

Section 57143. Requirements of stateQents publish~d

other statement which is published by a real estate

territory or Federal government. Each advertisement or

applications for the purchase or lease of, or to loca"te

if a real estate licensee, he shall be given a hearing

persons in transactions involving lands owTIed by the

broker or salesman offering to assist persons to file

prosecute all violations ~f the provisions of elis

under this section, is guilt.y of a public offense, and

shall be punished by a fine not exceeding One Thousand

any other respect-willfully violates or fails,

one year, or by both such fine and imprisonment, and,

by real estate broker or salesman offering to assist

by a Commissioner for a suspension or revocation of

permit:, decision, demand or requirement of the COmH1is5ir~:~r

or neglects to o~cy, observe or comply with any order,

Title relating to hearings. The Attorney General shall

Dollars ($1,000), or by llQprisonment not exceeding

circu12ted, published or dis"c+:,ibut·:;d,or \"1110, in any

other respect, willfully violates or f~ils to comply

witll any of the provis ions of this section, or \'Jhoin

his license, as provided in the provisions" of this

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part of the broker.

real property is involved, such infoLTIation shall

such broker shall inform or cause the information to be

Section 57146. Rental or rental information:

If the transClction

Informatio~ to seller and pur-Section 571<14.

added money consideration, if any.

a closing statement vlhich reveals such information, t:hat

is closed through escrow and the escrow holder renders

shall be deemed compliance with this section on the

to a purchaser through C1 licens0d real esta-te broker,

chaser: contents: closing :::;'c.stc'mc.~:itby escrO~"·lholder.

T,.,rhichtitle to real property is conveyed from a seller

selling price thereof and in the event an exchange of

employing such licensee to perfonn any of the acts for

include a descr~ption of said property and amount of

authorizing performance of licensed act. "'Thena licensee

Section 57145. Delivery of copy of agreement

Within one month after the closing of a transaction in

given to the seller and p,-lrcnaser in \-!ritingor the

prepares or has prepared an agreement authorizing or

licensee secures the signature of any person to any

which he is required to hold a licens8, or when such

contract pertaining to SUd1 services or transaction, he

signing it at the time the signature is obtained.

nishes rental information to a prospective tenant for a

fee paid by said prospective tenant shall give every such

contract or receipt: repa~TIent of fee. Every real estate

shall deliver a copy of the agreement to the person

licensee who attempts to negotiate a rental or who fur-

prospective tenant a contract or receipt, and in such

contract or receipt shall undertake to repay any amount

over and above the sum of Ten Dollars ($10) service

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tC::j2nt di..JCS r:.ot obt".air1. a j:en';":21. l\ de~-!l;:;!1.I'J frCHt 1:11:2

formation which shall be contained in contracts or

estate salesmen assist another or oLhers, for a com-

broker ',.;hoassists another or others, or whose real

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In the event that rental information is not

information to be contained in assistance agreements.

Section 57148. Power of COIT~issioner to prescribe

within 10 days after the end of each calendar quarter.

other agreements by a real estate broker, or a real

The Commiss ioner may pj:escribe by regulation the in-

all .persons, he or his salesman hove assisted in filing

report to the Cormnissioner the names .c;1lldaddresses of

owned by the territory or Federal goverm\ent shall

such persons. The report shall be filed quarterly

government and the amount of compensation received from

the territory or Federal government. Any real estate

applications for land owned by the territory or Federal

Section 57147. Report on assist~nce by brokers

the service to be provided to the prospective tenant.

effect disclosure of material information regarding

pensation, in filing an applicut.ion for the purchase

or lease of, or in locating or entering -upon, lands

or salesmen in filing application fo~- lands ,?\>med by

regulations adopted by the Commissioner in order ·CO

desired, the full fee shall be repaid to the tenant.

the final d~y on \'lhicllthe re21 estate licensee has

current or accurate in regard to the type of rental

tenant.

contracted to perfol~1 services to the prospective

c·11a:CS·8to the l)rO~;~~,t:ct.iv·etC11211.t. if ·tllC;; J?rO~l)ec·ti-:lc

Such contract or receipt shall also conform to the

part of it,

prospecti~e tenant for the return of th2 fee, or any

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ARTICLE :2

Liconses

recommendation.

license.

Original licenses not to be

mendc;tions.

newsl and reinstatement of

granted to noncitizens: re-

licenses of noncitizens.

Original real estate licenses

valid for one year: renewal:

by written examination.

Sec~cion 57151.

Section 57154. Requirement of other proof

license: signature: fee and

Section 57153. Application for salesman's

of original real estate broker's

Section 57152. Condition precedent to issuance

hearing.

license: fees ~nd recom-

before authorizing license:

Section 57150. Application for broker's

Section 57155. Ascertainment of qualifications

Section 57156.

an UPIJlicat:iol1 for tl~(:' r:'UJ_"C~-i2S~;:',:)r lC2sc~ c;ft ()): }_r~

es1:ut.e sz~les;-nan, to i·~S::-;j.~:·;-;..:ri'~:t:.};sr C:..:: c<~.T~c~-~: i;"l filing

locc3ting or enteri1'1g U.p,:)l"l, l ..:-,;~.(ls cy.n~;~;~J})~~,'t,}-)e ts~ritor:{

or Feder::! 1 gO":,le rr:!7i·...:~YL-: , j_D.cll~c.i~lg I })'J·t 11Ct-. 1irni t 0(3. to 1

information '.'lithre~iC:;J.:'dto the seyvic'.:s2gn"ed to be per-

formed and informaticD "lit}'):t:EgC!rd to the hazan:3,swhich

ever receiving .any territorial 0:;: I:'edE~:.·alland :under the

n1a~l prC\lCr11: t.11e perSQ!1 tt.."") ])e (~1Gsist£~Cl ill filiI"lg arl

application .•....·it11 tIl0 -l:crl:"itoj,~Y or Federc;l govcrr~l1cntfrom

application.

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liC·2i13e~:; ~

.LJ.cell:)C llr;.~i.~~rf~(:ti-L:io:"13 li~)~1G.

r(~insta·ccraent.

Secti·~n ~~~717;2.. r':L:OC=dtlrC; f()r :~:·.~~~T:;l"lC8 of

uctive license certificate: rein-

Ii1acti.vcJ"tionor lic0nse: in-

or business or sign not required.

public off.ice.

stctement: maintenanco of place

license for violation of pro-

visions.

regulations.

nation by Commissioner.

offices: application: determi-

r!:j:~~~.1i(.;;)~~-:-.-~~-:.<~:.Co

location.

notice of change of business

tion stipulated in license:

business to be done from loca-

t:erminatioi1. of ser"!.lice i11

s~lesman'G license UDon with-

d:L".::;,'.·;alfrCT!1 broke): I s employ:

SectiO]1 57175. RGinst~temcnt of license aft:er

Sectio:1 57],76.

Sectio~l 57].736 Di~p12Y' 2~~ possession of

Section 57178. Additional licenses for branch

Section 57177. ;,12: intenance of place of bus iness:

Sectio::l57171';:. Ee-'..~nl:"n ,~nc1 cancellr.:tioI:of

Section 57179. Signs: erection and maintenance:

Section 57180. Suspension or revocation of

Section 57150. Application for broker's license:

fees and recommendations. Application for license as

real estate broker shall be made in writing to the

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noncitizens. 'I'he Commissioner shall not grant: an od_9ina1

the equivalent of two years' general real estate experience

recorr'Lrnendationor two rs-~21est.ate O\v"TIersof Guam, cer-tify-

business of real estate salesman, except if·that an~a~pli-

'.

Section 57152. Condition precedent to issuance of

with the provisions of this Chapter.

Co~~ission shall not grant an original real estate

COrllIn.i!,jS i011e::.·. Tl~e al.JpJ.ic2tion 511.:111 be accornpc1nied l)'~{

original real estate broker's license. The Real Estate

-----

Section 57151. Original licenses not to be granted

to noncitizens: renewal and reinstatement of licenses of

tho or.iginc::lreal estat.(;b:;:okerr s license fee and bv the.

license be granted to him.

ing that the applicant is honest, truthful and of good

estate salesman's license for at least two years prior

renewal or reinstatement of his license in accordance

reputation, and recomrnending that: c:1 real estate broker's

citizen now holding a real estate broker's license to

This section shall n.ot affect the right of a non·Q

citizen of the United Sta-tes.

real estate broker's license to ~ny person \~ho is not a

and during such time was not actively_engaged in the

to the date of his application for the bioker's license,

broker's license to any person who has not h81d a real

cant for a real estate broker's license having at least

Real Estate co~~issioner approves, he may be issued a

the appropriate examination and satisfying the other

or graduation from a four-year college or university

course, files a written petition \<lith the department

real estate broker's license immediately upon passing

setting forth his qualifications and experience, and the

requirements of ~lis Article.

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S(:C~:iC:?1 57J..~~:• .,.-.)li::.:~:~~:5 [.J:'~ f::~:':' :j'-:' 2.:.-~r7:2:1f~; 1 i_cens(;:

liccr1sc 38 l"'G.:Jl (:;:~c~J~·.!~(:~]_e::~):1;~:ri :-~l~~111t.:2 lli,:,j;:: ir11, •..T!......it.in.g

ing th<::t tl-1(; appl ic?nt i::; hon~;:t." 'c.rlxthful and of geod

real estate sn1(::sn~arl' s licens(; fee: i:;n~1by the recornrr.cn-

Si~1~1.~dby

For this

~.:.~;.;_-:-::.'::"'c·~';:-~i.(~~~i fax-

rrr1e CO:11lrtiss ioner may

'1:'[: C c3l)i) ~~~:_c-.1t i()~-!. r.; l1 ~ 11 be

'R.equil:'cli10mtof other proof before57154.Section

in.case of a copartnership or corporation applicant for

ing the issuancG of a real estute license.

language, including reading, writing and spelling

(b) A fair understanding of the rudimentary

Section 57155. Ascerta inrnent of qualifications by

to tne CC!T~,,::'_::.:siOi"l'~r.

and of elementary arithmetic.

(a) Appropriate knowledge of the English

all t:hor iz irlg 1icci) S~-;: l1c2 r i:ng 0

for a real estate license, the Commissioner shall as-

:":5ig I1C':. t~r (~: f:'~::= a 11C-: :c.~~;:..::):'~L";:'. t3;} \.~ 1:. '-__~_~: :-_ •.

a real estate broker's license that each officer, agent

real estate licensee, has:

copartnership makir.g stJch appl:Lcut.ion,before authoriz-

truthfulness and good rGputation required of any applican~

certain by written examination that the applicant, and

or member thereof through whom it proposes to act as a

offic~rs of any corporation, or of the members of any

purpose the Comraissioner may call a hGaring in accordance

reputat.io~1.

;clle apl)licant, ~rl6. f~.h::;111)2 .~Cc;~/T~~r-'2!1il;;:} })}! t.11E: Ol.-igil1.tJl

require such otllGr proof as he m:;~y deem c:a.visableccn-

cerning the honesty, truthfulness and good reputation

of ~ny applicant for a real estate license, or of the

with the provisions of this TiJcle relating to hearings.

written examination. In addition to the proof of honesty,

datioil.of the broker \fn~) i:'? 1:0 b8 his employer, certify-

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obtain either a renewal real estate salesman's license

The exc:minotion herein !:efen..'ed to shall be in addition

Qer1':-":"i'";::1 r)u.~~~~,()~:.~e.:~c~!-~(~ r:..:::.:r:.·~~:~~Z}J_.1_"_";: __ '_ c~ff~::c~:,-;f

o}:).ligz;_·t:L~~ns:)8t··~·.:rc:en l)ri.~"1c~i}?alan(} agent'j of the

Original real estate licenses validSect.ion 571:)6.

Section 57158. Effect of failure to qualify for

Ie 2 S e~:I 211:3. (;:: t:'!; ..~ 0- J. :::-::1:":' j't t.~.j::-~{ p::.:.-ii1C ip 1_ E.'~~ 0 f land

eco~c~ics aD~ ~ppr~is21;3~

(c) A s~eneral 2n6 faiJ: understanding of the

princi.plcs of ):s<:;J.ec..;t . .::·t(~~practice and the

C2110r~~30 f bUGir"lcss 0~:'hic:-; p~':}rtc)ilLirlg tl'lej:f~toI

Section 57157. Effect of failure to qualify for

p:r' i}:lC i}~'1€~. c~J :~.:~.:::1 (_:"-';..:'"l (:c .:~:../ .'~& :~:". ~,o. ':' rl~~J tl10

o.s8ds t :TI~)::-·L:~f~:·C;.?;.:":;,lcll\.i ~~'::)~·1·~::r:~.C;·~.~jc;t sal~~ 2nd

a~~ '".vel.l as of tj-:2 p:co\tisioll.S ():E t.l~~L3er~itle

relclt.irlg to 1:e2.11estate.

license by satisfying all the requirements therefor

except the original qualifying examination.

to the original qualifying examination.

estate lic8!1sCS issu(~(l by the COImniss ioner shall be for

for one ye2r: renewal: examination. All original real

a period of one yeiJx'and the holder thereof shall not

gJ..venby the Commissioner no'.:;rn-::n:e than three months

prior to the termination of the one-year license period.

real estate broker licensee fails to qualify for a

cation and payment of the appropriate fee within one

month after expiration of such original license,

renewal real estate broker license. 'Vmen an original

he h21s succ0ssfully passed clne:~ami.nation\....hich shall be

become eligible for a renewal real cst2te license until

renewal real estate broker license, he may, upon appli-

or another one-year original real estate broker's

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ex,~r~;J.lla. t lori.

Section 57J.57. Effect of failure to qualify

for rcnewnl real estate broker

license.

Section 57158. Effect of fGilure to qualify for

renewal real estGte s21esman's

license.

Section 57159. Effect of failing two successive

original qualifying examinations.

Section 57160. Effect of failing required

addie-ional examination under t':iO

successive original licenses.

Section 57161. Limited real estate salesman's

license: issuance: requirements.

Section 57162. Same: rights and limitations

under license.

Section 57163. Waiver of examination.

Section 57164. Right to continue operating

under existing license.

,Section 57165. Persons to whom issuance of rGS-

tricted license is authorized.

Section 57166. Methods of 'restriction.

Sec'tion 57167. Same: rights conferred: revoca-

tion: necessity for hearing.

Section 57168. Same: requiring filing of bond.

Section 57169. License authority limited to

person licensed.

Section 57170. Corporation and partnership

licenses: additional licenses

for other officers and members.

Section 57171. Same: officer or member licensed

only to act for corporation or

- 27 -

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c:~·:i~::t:'i...ngl~pc(.)t-::·,: _~ '~'~-i {_<;.-jr~~:_ic2t~.f':.:;ori ~hc:: £or:·~-t prc-

SC:':l:::· ;,~:. ·~:;~:.r t}:-.....(~._::t~;>-.~;_;.:~:·~:~::-;}l!~:~fa;.:- tl°18 rerlG\:}";Jl of a licens81

f iL"(~ }y::')forc; jr!id[iis.~ht of. "che IG~~t day of tl:eperiod for

,·ihj_C-!1 ':"1 .t=re\ri.O~l~' 1_·::;11(::~...TaJ_ lice11r:~c V,,..2S iSSUGd, or n1id-

11isllt af th,~ e:';:j?:.r2t5.o1"l cJ_·~te of crl o:r:igin21 '--license

undcY." wr:ich th2 1101u.el.- has been notified that he is

~ligiblc for a renewal license, accornpDnied by the

zppliC::2ble 1."onc;·,1<:; 1 fc~e, entitles t:he applicant to

continue operating under his existing license after

its ;:-;;:8(: ified C-;{P i:cation oc'ce t if not pre\'ions ly

suspended or revoked, and until such date as he is

notified in vl1:.i ..t.ing that 'the application has been

granted or denied.

S(;ction S7165. Persons to whom issuance of re-

st:ricted license is authorized. The Commissioner may

issue iJ. restrict:ed license to a person who is applying

for a license under this ChCJpter, who has met the

examination and experience requirements, but who has

been found by the Comrnissioner after a hearing not to

have made a satisfactory sh6wing that he meets all of

the other requirements for the license applied for,

where such failure would justify the denial of the

license applied for_

Section 57166. Same: methods of restriction. A

restricted license issued pursuant to Section 57165 as

the co~~issioner in his discretion finds advisable in

the public interest may be restricted:

(a) By term.

(b) To employment by a particular

real estate broker, if a salesman.

(c) By conditions to be observed in the

exercise of the privileges granted.

- 34 -

is S \led plrrs \';'('1Zit. to See t icrl 5) 1:,,;:_: .~~.()(,~~ r:,-.:':. c::--:·r:~~C·j~- ",'

licenses: additional licenses for other officers and

of such additional officers. \\7hena real estate license

members. m1en a real estate license is issued to a

o:;::-aer

l.~;·~-;::-(~·-

(.~!. .:.

, .

l S Gtl-2...:1ear}_;~?

':c·~ }:il.::: .~: .. ,.. ~'--C: ~~ :-~-"-:;Ct

~_ '. )_&~. :~~ 'i-::: .~.\.__.:- :: :-_:

S':~T:.15~ recru.i:·:irlg fi_lir:'] of bOI1~1.

corporation and partnership

License authority llinited to

.. ",

pr~t.: ll..~~!3:'-:~-;

••• - '_0

:·~.::n.i{.:: r:i.::r:."'i':;:' C-:··:·':_~·.:-:· , ..

..11car~~1q_

No real estate license gives. authority

the

for

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n8C0 S::.':~:~_\:.~{

Sect.J.O?1 ::·7167 .

S~3ct:ion57169.

Section 57170.

Section 57168.

The CO!ll.':nissioncr r,l~,V Vi'ci.1Cilt.

it shall procure an additional license to so employ each

t io:'l :

is granted to a copartnership, if it desires any of its

unde:.::', a nd the ho1de r 01: <1 :c<::::=: .~.:;: ~. ct;::o. -'.::""~"~'1:':':'::~ does L'.:.;t

already licensed to act as a real estate broker, it shall

corporation, if it desires any of its officers other

members other than the one or ones through whom it is

57213, to act under its license as a real estate broker,

than the officer designated by it pursuant to Section

to do any act. specified in this C11upt:erto any person,

licensee for the protection of persoDs or- classe3 of

condition as he may reqniz8 in respect: to the restl::icJc.cd

other than the person to ,·,homthe license is issued.

persons wiJl:h\'iDOm said lic8ns8e m·2Y deal.

license authorized b).' Sec·tion 5716:, the CO;:t1:1issiC'r-(~:>: may

require thc filing of SU:L0.ty bonds in such form 2nd

final detcrminat.ion made 2£ter: f·;"J:'i"!1::1he2:d_r:.~f.

privileges granted under a rest:;~:;_d:ecllicC-l:.Sf-.;p'2n~ing

suspending the licenSE-,)!:::;rig-h:'::l:~) fur-~-.:;c:::· 8:~2:cci:.;(.:: ·~r~y

persons licensed.

have tl1c rig11t to ren:}T.,:"al of SllC·l1 lic'cr~2-(~;..

F'ropcr"cyright

1\s one of t11e conditions t.O the is:::;uunceof a r,-=,:si:J:ictcd

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broker.

of the broker.

::~2c~:~Lc'!157171 .. S2:1V=: (..1fficE:!:' or Inelnl)er licensed

Division 3 of the Civil Code.

0.;::J.each0lr,p lc:/so"C()~:(:_.:-~j. t: ~":;0 (~] 1.1.c;~rJs ~::-,~!

until canceled or until the salesman leaves the employ

Section 57174. Return and cancellation of sales-

man's license upon withdrmval from broker I s employ: re-

instatement. Immediately upon the real estate salesman's

\.,rithdrmvalfrom the employ of the real estate broker, the

Section 57173. Display and possession of licenses.

real estate broker shall return the real estate salesman's

the possession of the licensed real estate broker employer

The real estate salesman's license shall remain in

license issued under a fictitious name shall· file \..,ith

license under this Chapter who desires to have such

under fictitious name. Every person applying for a

Section 57172. Procedure for issuance of license

(comme!1cing \"ith Section 2466) or Title 10 of part 4 of

licensed real est~te broker, but licensed only to act

The real estate licenses of both broker and salesman shall

S~1C~t ~:':-~_::.. ~..ic;~-::::l n!_._'~-iD(::j~S <

:C2<lL est.·:.1tc~broker, 2nd each me.mber of a copartnership

of a coo,:-poJ.:-::..tioz-,th:c()U9h \!hom it i~; licensed to act as a

be prominently displayed in the office of the real estate'

J?2J:t!1ers11ir;/ ;:;5 officer or rtLcrrti'Jer, re~'pectively.

as SllCh fo:cand on b(~b:.~lfof tlF~ corporation or the co-

Director made pursuant. to 'che provisions of Chapter 2

throu~] \~lOm it is licensed to act as a real estate

or;ly to ;.1(::: :Cor CQJ:l)()r2tioi'"1 or r)Cr'cncrshil:). Each officer

his applicut.ion a certified copy of the entry of the

broke~t is, ~iliile so employed under such license, a

.p:.~:-.~~J.2:".~1.,

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(; n l~~(~-,:~J. t~-:J. }-;U.t. J.l Gt. SU.::':[.'c: r;~-=.2('i C 2.... rc::\/ o1-~(3ci n12\'1" be .-::-·2 in.:~ t:':J t.eel

a t ~J::;~l i.: iTi'tC~ (~i.l:.l~ir~g t11e l...·sr iod fox' \v}1ich t".h8 license 't.-ras

:L~i~~t1.:~(3.,llpC)l1 ~·822i.pt: of ~~r:plicLt.j_o11 thereto}: and tl'18

fG~ for tl1e reinstatem2rlt of l1is liccrisG.

Section 57175. Reinstatement of license after ter-

min~-::ionof se:r",,li.cein public office. i'lhenthe holder

of a roal estate broker's or salesm~n's liconse relin-

c;uis'rws his license to aSGLUTlean office in the territorial

or 17'c(J,cral govezn,lllent, he r':1ay have it reinstated at any

tiine.wit.llinsix Elonths of tC!:l11inal:ionof his service

in office upon payrnent or the appropriate renewal fee.

Section 57176. Inactivation of license: inactive

license certific0te: reinstatement: maintenance of place

of bu~iness 6r ~ign not required. A licensed real estate

broker or salesman may request that his license be in-

activat:ed. The Cornmissioncr shall thereupon issue to

such person an inactive license certificate. This in-

active license certificate may consist of the license

itselff with an endorsement stating that it is inactive

and does not permit t:heholder to transact bus iness

under it.

An inactive license ",.,hic11is not suspended or

revoked may be reinstated at any time during the period

for which the license was issued, and may be renewed

each four-year period upon the making of application

therefor and the pa}~ent of the appropriate fee.

'l'heholder of an inactive broker license need not

maintain a place of business or a sign as required by

Sections 57177 and 57179~

'rhe holder of an inactive license shall not be

entitled to act in any capacity for v.Thieht118 license

- 37 -

1.

2

3

4

5

6

7

8

a-'

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

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Section 57177. MnintenQnce of place of business:

business to be done from location stipulatE;o. iD licen3e:

notice of change of business location. Every licensed

real estate broker shall have and mair;tain a definite

place of business in the territory of Gu~m \~lich shall

serve as his office for ·the transaction of business.

'rhis office shall be the place w'here his license is

displayed and where personal consultations \·,ithclient.s

are held.

notice in <driting shall be given the Con'u"Tlissioner

of change of business location of a real estate broker,

whereupon the COIT'JTIissionershall issue a nCH license

for the unexpired period.

No n3al estate license aut'horizes the licensee to

do business except from the location stipulated in the

real estate license.

Section 57178. Additional licenses for branch

offices: application: determination by Com.rnissione:c. If

the applicant for a real estate broker's license maintains

more than one place or business within the territory he

shall apply for and procure an additional license for

each branch office so maintained by him. Every such

application shall state t'he name of the person and the

location of the place or places of business for which

such license is desired. The Commissioner may determine

whether or not a real estate broker is doing a real

estate brokerage business at or from any particular

location which requires hi.."Tlto 'have a brunch office

license.

Section 57179. Signs: erection and maintenance:

regulations. Each real estate broker shall erect and

- 38 -

to indicc~t.c tha:: 1vJ L:: :;; licen~"cd real cst;,,:-C'.=1 '0:·:o::e:c i'.J:.~i

ARTICLE 3

deceit.

or revocation of license.

" ."C11c->L: rt~21~{

licensees: grounds for sus-

licenses.

InVQstigation of actions of

of licenses.

pension or revocation of

Section 57182.

Section 57185. Same: commitment for or adju-

fraud, misrepresentation or

dication of insanity or

Section 57183. Additional grounds for suspension

Section 57186. Statement of facts as to dis-

Section 57184. Same: judgment upon grounds of

charge of salesman: filing:

suspension or revocation of

Section 57181. Revocation 0::' suspension

incompetency.

Disciplinary Action

employer's license for failure

Section 57180. Susoension or revocation of licensG~

in accordance ,"'lithtlw provisions o£ this Title :cel.ating

57179, the Cornmissioner may i.:emporarilysuspend 01:." per-

the provisions of Sections 57173, 57174, 57177, and

place of the sign sh-:ill con£0!.-111 t.o regula :':icns

to hearing.

for violation of provisions. For a viola tion. of (~r,y of

manently revoke' the license of the real .est~te licen.see

be adopted by the Co;nrnissioner.

his n2m:~ sh~J.l be cl~!2rly ShO',·lfl thereon. Tnl~ size 2:16.

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":.(.~. :.:lC·~:j_J \ ..'~ c,::p:::r~i~~ j ()~;<:::~:•.

l~.l·j()",,\-J. i":~}"'_:'-::. ()r ".l i.r~12·t iC:"l L'l~

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~)ect.ic;r~ 5718cJ," r·-:::n:i_01./ E1JS1)ertsic)n or rC"J-oca--

tion of license of officer

cr r}c.~rtl1.'2r.

Upon grounds provided in this j\rticle and the othor

Section 57131. RGvoc~tion or suspension of licenses.

7

8

9

10

11

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13

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Section 57189,

Section 57J.90.

CODditioD to reinstatement of

11.c'~;nSE"":: •

Inspection Dnd audit of records,

)J("'C:'}-~S, D':l.Q aC;(;OUi'lts of realestate bro}~8rs and s~lesmen.

14

15

16

articles of "chis Chapter, t:r!(:; license of any real estate

licensc-':emay be revoked or suspsnded in accordance with

the provisions of this Title relating to hearings.

17 Sect:ion 57182. Investigation of actions of licensees:

18

19

20

21

22

23

24

"25

26

27

28

29

30

31

32

grounds for suspension or revocation of licenses. The

Com.l11issionermay, upon his O~.'rrl motion, and shall, upon

the verified compliJint in 'writing of any person, invest i-

gate the actions of any person engaged in the business

or acting in the c2pacity of a real estate licensee

within Guam, and he may temporarily suspend or permanent~y

revoke a real estate license at any tD11e where the licensee,

while a real estate licensee, in performing or attempting

to perform any of the acts wi"thin the scope of this chapter

has been guilty of any of the following:

(a) Making any substantial misrepresentation.

(b) Making any false promises of a character

likely to influence, persuade or ~~uce.

(c) A continued and flagrant cour~e of

misrepresentation or making of false promises

- 40 -

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t11 :;:-c·u.~;1-1rez..~1 (~:::;~::.~t e (~s.r(":l~1.t::; or s 2J 1. c :::n"~'.~!l•

('-;) ?\ J~~ ••.,\,,, ''':,-v .\._"~ .I_.., .•.•~ r1~ ,- ..•-~ .•,. '1"·\ -.U l..1.C:-..L.iL"-:: J.u .... rGVJ.'':; l_I.lun 01 ..·..:,. 1....-.;:-: •.- L::.: _~!.•• r.;,

trc:r:s;::ct.ion ,,7it:hout the. kn()\'11edge 0:;:' CO:-lS0::\.'t c:.f

u 11 pa:c',,:i.es t:nc~r8to.

(e) Coming1ina with his OHD ITiOi1r::v orJ _

property 'chemoney or ot}-)(:~rprcpcX't::/of ot1:.::::-s

which is rcc(~ived unc.1 held by hir:1.

(f \ C' -.,~ ; - ... ~~ ~ ..1': "'-r'''''' .-. i -4 -; '!-\ -- -J .L<"'.LTIL.LIS, ~~rrl"-'n'-'.J..ng,or J.. __ .c.._'.'._J.-:;; ,-

f(-~eI cOJnpensat ion or commis 5ion urld·2J:any

exclusive agreeme!'ltauthorizing or e~nployin9"a

licensee to sell, buy or c:~c11C!ngere.:,:1est<:lt'J

for cO~11pensation 0):- cOr:1.:.Ll.ission where such ~g.r:c",=-

ment docs not contain a definitc, specified d2te

of final and complete teDnination.

(g) The claiming or taking by licensee of

any secret or undisclosed ",mount or ccmpens<:.tion,

COlfuLl.issionor profit 0r the failure::of a licensee

to reveal to the employer of SUdl licensee the

full amount of such licensee's compensation,

commission or profit unde::.-any agreement

authorizing or employing such licensee to do

any act.s for which a license is'required under

this chapter for compensation or commission prior

to or coincident with the signing of an agree-

ment evidencing the meeting of the minds of the

contracting parties, regardless of the form of

such agreement, whether evidenced by documents

in em escrow or by any other or different

procedure.

(h) ~le use by a licensee of any provision

allC'......ing the licensee an option to purchase in

an agreement authorizing or employing such

- 41 -

missing the accusation or information.

ft) ..: cc:r; •.::)~:~~.:-~-.::.:_iC'l·~(.'~~.-~:~·~-'-:'~~~f·;;3ic;;.-~.":.~:~cc::~-)t \'l!lr:-~n

01·: c';c ic>;) tc (~::c;:...:~=_S2 !_: :_~.c.~-i~C)lJt iCI1 to' pl"~rC113Se

r(;\/'.~'-'~LSin '.-,':s:i.i:irl'] to the <3m::?lG~;e:::' -the full

or dis-

~__.:I.- (::-:c';:·~-~~"""~':(:rc~al c:st..:::te

setting aside the verdict of guilty,

suspending the imposition of sentence, or

(a) Procured, or ~ttempted to procure, a

affirmed on appeal, irrespective of an order'

lic~n£~~ to ~l~ll; i~..

c:m,~")t111.t. 0::: licorl~E':e I s r:rc·fit and c:Jtc:.ins ·t:h~3

(i) 7'n" ·-,{·hr.--~ CO~.-l·lC':'" ·-·".--p·t1'e-- or. the s~me•• _,,:. ~ ~_ "- '_J_ 1).•.•..••" L.., .•......J.I_ i ~ ~.J. t:...

(b) Entered a plea of guilty or nolo

f:: IIC:~ 1i c c~~.~S t~..: C~ l)::i. .::.!:" t.() ();:" (;0 iJ) C :1.\..:1 e 11t. "j i ~~:'11

arnC)lE:t': of such profit.

elapsed or the judgment of conviction has been

contendere to, or been found guilty of, or

c"to c: 1i119 •

real estate license, for hDTIself or any sales-

~..Jr:Ltt.cn consent of thE'~ 8r:'pJ.oye~-()pproviug the

an application for a real estate license.

granting probation following such conviction,

sec t::~()n1 \,;'h ic-ncarlS 'ti -CU'l;8S fraud 0:( dishonest

or a different choru.ctcr than sp-!'~cifiedin this

man, by fraud, misrepresentation or deceit, or

moX'al turpitude, and- the time for appeal has

by making any material misstatement of fact in

Sc-;ction57183. 1\dditional grounds for suspension or

been convicted of, a felony or a crime involving

done any of the fo1 1u::ling' :

deny the issuance of a license to an applicant, ~10 has

revoca tion of licens·2.s. The Corr:missioneX' may suspend or

revo};:et.h(,;license of any reCll estcd:e licensee, or may

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Estat.8 Law.

of his salesmen.

is not a mem.oer.

hold a license.

land or sUDdivisionor anyDnsin:2sshis

other than publ ic :cecords, in such manner as to

agency in a capacity giving access to records,

(j) Has used his employment by a governmental

violate the confidential nature of such records.

(k) Any other conduct, whether of the same

exercise reasonable supervision over the activities

(h) If, as a broker licen~ee, failed to

or forfeiture assessed by the Commissioner.

in perforrning any act for which he is required to

or a different character elan specified in this

(i) Failed to pay when due a monetary penalty

(f) Acted or conducted himself in a manner

(g) Demonstrated negligence or incompetence

(d) \'iillf:uLLvdisre.Ci2:<rdedor violated any- -

( (" \ ;.(1" "",," "rr 1 ',' -, ,)-'-1,'-'r; ,~.,,' -1 j '-,'"",';-,od_I .•..• L ..• ·.•• -j ...•....1., C4'_.l._~.·_ . __t" ••••••••• '-t, U .J.._ ....•...._ J

(e) Willfully used the term 'realtor' or

application for a real estate license.

ti:::2~1:CDt. distribution, cr circula-tion of <Jny

any trace name or insignia of membership in any

the i:1dministration and enforcement of the Real

ce:c flJ.;1-J'

real estate organization of ""hich the licensee

which would have warr~nted the denial of his

C(:ar:!1~.\.!"2C c~·t c::::- ;:.id0d in tr1(~~J.)t.l·blic~-~ti()n, aa'Jcr· .•

of the provisions of the Real Estate Law or of

offered for s~le.

materi21 false stotement or representation con-

1:he ;;:,'u1'23 und r(~gulat:ions of the COInr,1issionerfor

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license of such real estat.e licenseeG

written statement of Jehe facts '..-lithreference thereto

see t. ion, ,·jh i ~;"1 (.:....)rlS t: i t ll'C{~ ~~ £:r2 U(t c·r (1is1)CH-~C:-:~t

Sect ion 5718t~. S2"le: j \.,d·~;nent tlpOD groun(~s or

vThen an"-'-,

Section 57187. ~1ow18dge of violation by salesman

dealing.

Section 57185. Same: cOltU'nitmentfor or adjudicatio!1

Section 57186. Statement o~ facts ~s to discharge

license for failure to notify Co~~issioner.

employer and if the employer fails to notify the

the real estate license of the employer, in accordance

shall be filed forthwith "lith the Commissioner by the

with the provisions of this Title relating to hearings.

commissioner as required by this section, the Comrr.is-

sioner mc:lYtemporarily suspend or permanently revoke

violation of any of the provisions of this Article pre-

jurisdiction, at any tirne until a subsequent. adjudication

license is required under this Title, the Commissioner

is obtained in a civil action against any real 2state

or adj~dged insane, mentally ill, or incompetent uruler

or suspend the license or a real estate licensee committed

of insanit.y or incompetency. The Commissioner may revoke

of competence or restoration to cupacity.

of salesm~n: filing: suspension or revocation of empioyer's

this Title relating to hearings, suspend or revoke the

licensee upon grounds of fraud, misrepresentation, or

scribing a ground for disciplinary action, a certified

real estate salesman is discharged by his employer for a

fraud, misrepresen't2tion er d.eccit. l'nv~n a final judgm<:nt

the laws of Guam or by any Federal court of competent

may, after hearing in accordance with the provisions or

deceit \-lithreference to any t.:;:-311sactionfor which a

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:::-er1(~"~":c.1~rl~21 (::st:,~·it:<:s,~l'.:::-..i ~~-::1 t S ii_c""" T;~:.:~·· &0 ~<'ll:'·';:~ =-:~l

license fee.

Section 57161. Limited real estate salesman's

for a rcC'\lestate license fails t:\-IO Gucr;eSSiv8 original

~3.LeSTii2.rl· s

01)t~in <3no1.:herone-~'ear

rnont:l1 Qft~er c:-:pirc:-

his investigation into the applicant's honesty, truth-

may issue the license to the applicant before completing

limited real estate salesman's license, the commissioner

\'lrittenapplication and the payment of the fee for a

license: issuance: requirements. Upon the making of a

since the expiration date of the last such license.

fulness and good reputation when the applicant has

the required additional examination under t\vO successive

an original real estate broker or salesman licensee fails

examina'cion under bv"o successive original licenses. When

Section 57160. Effect of failing required additional

files an original license application \d.th an original

dernonstrCJted by written examination that he hCJS

of the same class unless at least one year has elapsed

original licenses, he may not apply for another license

the date of the last such qualifying examination and he

8e ....·.:...'on 571 "·9 p<=.c"' •....•i- 0'" f~; i ;--'0 tT·'o s',("'(""pssine\...•."- .••....•• \. __ ••... ~1-~ ••.-I_ •• .L c...._...L.._1..!_J' .•1 \""':' '.' _¥

the app:;:opriate fee ,..Ii t11i:1 ():1~'

tion again unless at least one year has elapsed since

of t11e requiJ;ernent.s t:ri!?:r.-2:feJ):- il1Cluc.i_T"lg t11(:: origiJial

qualifying examinations r he may not. c~pply for examina-

origin2l qU2ilifyin-:rE:xami'13't:i.ons.'in-leD any applicant

or ig in tl}_ r,~a1 \:;~;t2i t:c' s c ].~..?;-.~:-;r:. 1i::-; C:~1~.:'(.'C f c; i.1 SI ...~J

license, he 1nay, u0o~ 2prlj_c~tj_Gn 2nd p2~7ment of

tion of such origin2l license;

qualifyin'g ezarnin-:.:tioD.

original re~l est2~e sale8man's licCl)SC by satisfying all

qualify for a reD~~21 rc~l ~~st2i:e

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- 32 -

under license. A limited real estate salesman's

the consent of the Commissioner. The holder of a

Section 57163. Waiver of examination. The

not be renewed; and it shall be tranferred without

and spelling, ~nd of

(ii) a fair underst2nding

. 1 ~. -.. , .lnc uOlng reaclng, wrl~lng

elementary arithmetic, and

Section 57164. Right to continue operating under

limited real esta·te salesman I s license may not sign

The Commissioner may, in his discretion, waive

a period not to exceed 120 days. Such license shall

of th·,2obligations between p:cincipal and ·agent and

Section 57162. Same: rights and limit<:1tions

( ~) _.~.~,- --.j ",.'-.> l~ . 'J "'r'~'" f "'-1~-, -;' ,....-1· ,..j., 1~, - 'e~- a.L-.i:"1.Op~_ uC' c.Eo .•.no,' .. tJ ""::J ". 0 _ L- ,C 1.:,n·.1'1...>.•• _c ••'lguag _,

tion of any applicant for a real estate broker's license

the provisions of this Title relating to real estate.

privileges to be exercised thereunder, and the

license does not confer any property right in the

any contract or agreement on behalf of the broker with

Commissioner may revoke or suspend such license

license, as individual broker, an officer of a corpora-

~~om he is employed.

\·;hoheld an unrevoked or unsuspended renm·;al real estate

CO~TIissioner may, in his discretion, waive the examina-

preceding the date of the application for such renewal

tion or a member of a copartnership.

without a hearing. Such license shall be issued for

application for such renewal license.

the examination of any applicant for a real estate sales-

man's license who held an unrevoked or unsuspended

renewal real estate salesmanls license, within the

one-year period ilmnediately preceding the date of the

broker's licens~,~~thin the one-year period iwaediately

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As a condition to the rein::-:ta"l:e!nenf.: of a revoked or

ARTICLE 4

or salesman as defined in this Title whether or not

books and accounts of real estate brokers or salesmen.

:....•.'-

2'::,: ':"'-.:'~ r

'C (J 8 r)~,:::~-..-.~_=':-i.~;~t:.~

j /j" E~~'l~~/'

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eSt;'1'~ C.;'

tion of licenses.

License fee: payment: expira-

renewal license after period

Renewal license: right to re-

new when expired: issuance of

Fees

Cor~ditiOll to Tcinsta"ternCl'lt of lic(~rlse.

Inspection and audit of records,

Dej1.i~.l, St.lSr;.(;r~s:Lon 0:::- l-C'fJOC2-'c5.e,rl Ctf

No vi.oJ.atj.c~ of 2~y

Section 57200.

Section 5720l~

Section 57190.

Section 57189.

Section 57188.

c-'~rll)lol-:'"ee .

cant to take and pass a qualifying ex~mination.

actually so licensed shall, upon the appearance of

tl,i::; Tit.le rc10ting to ::.-(;::~l

All records, books and accounts of a real estate broker

appears upon a hec:ring bv t.he cc-;-,mi3Sion(:)r th2t:: the

as to any office:r or as::lnt. <:!ct:Lng u;:Kl~,;r its license, 2nd

the Con~issioner or his designated representative.

sufficient cause, be subject to inspection and audit by

S11211 cause the !:'evOC2Jtiollor SU::.:e2n:3ior~ Gf. t.:-'e lice:::]·::

the real estate license of a copartnership ~s to any

suspended licem~e, tl1e CO;11missionermay require the app1i-

license of officer or pc:::~:nc:i:.'IhG Co:nI!~issio;-,Gl.-may deny,

0'"

s21esrn2:1 or en1l:>lcll"(~e of 21~2r lic(;n.sc::=-~_ }:-8~1 ~':;.~~'::':'3cc:: LJ:::.. ..·:7C:l~

of tbe employer of t11.:;s21c~3m()n or cr~:?lo:!2(; t.'n::"E~SS it

1icense of the corpora t.ioD or of trl'~copartn8j~s11ip.

emplOYEr bad guilty know10dgc of such violcticn.

suspend or revol~e the reo;l Gst2'tel:i.ccnse of a COLpOl':ltion

member acting under its liceil.se,Idit:110u-trevoking the

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of.: l il·:-~j_ t: 2 lC iOIlS ",·./I1 e rr2 (.~e la\/

dU0 to n1ist~}:c, Gtc.

Sectioll 57202. J)efi11itiorls: (11)plicaticTl.

Sectiorl S72·J3 .. Sc.IT:'?;:origirlCll real estate

bro]~(~r'slicense.

Section 57204. Same: renewal real estate

broker1s license.

Section 57205. Same: original re~l estate

salesffiznls license.

Section 57206. Same: renewal rGal estate

salesmants license~

Section 5;207. Pe~iod of effectiveness of

licenses.

Section 57208.~mount of fees fixed: fee not

refundable.

Section 57209. License fee.

Section 57210. Licen:3e fee: when payable:

failure of examination:

additional examination fee.

Section 57211. Same: restricted broker's

license fee.

Section 57212. Renewal broker's license fee.

Section 57213. License issued to corporation:

effect: fee for other officers.

Section 57214. Renewal license to partnership:

rights granted: fee for other

mernber.

Section 57215. Original salesman's license

fee.

Section 57216. Same: when payable: failure of

examination: additional fee.

- 46 -

- 47 -

fee~

defined.

instatement of a license'

.(: ..•:o.~J_ c; c •

fee.lic::mse

1iCG11S e

L~nit(~d salesman I 5

Hen'2'.'lt.'\1 salesman f sS'2: C t iO!1 57 2 18 ..

Section 57219.

Notwithstanding any other provision of this Title,

Section 57200. License fee: payment: expiration of

Section 57223. Duplicate license fee.

Section 57201. Renewal license: right to rene.•.....w11en

Section 57225. Fee for examination other than"

Unl~~ss othendse provided, all licenses expire at

the application.

advance of i~:;suingthe licenses and at the time of filing

licenses. All real estate license fees shall be payable in

Section 57217. Sarna: restricted licsnse fee.

Section 57222. Salesman's license transfer fee.

Section 57221. Change of na:::eor address fee.

Section 57220. Branch office broker'::;license

Section 57224. Reinstatement license fee: 're-

original qualifying examination.

expired: issuance of renewal license after period of

limitations where delay due to mistake, etc. Notwid1-

midnight of the last day of the period for which issued.

expiration of the period for which it was issued and who

if a person who is or 11as been licensed under the

a renewal license who fails to rene .•.....it prior to the

standing any other provisions of this Title, the holder of

equal to .l1/2 times the regular renewal fee.

cation and the payment of a late renewal fee in an amount

within two years from such expiration upon proper appli-

has othenvise qualified for such license, may renew it

provisions of this Chapter complies with all of the

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renewal fee shall be charqed.

real estate broker's license.

a renewal real estate broker1s license within the one-

have a renewal real estate salesman's license within the

J. ~-, _0::'L ~.a.t.. •.\1..~itl;.3...t1 the tir:1e p:Cf.:~S(~!:-}.DC'::1

Same: original real estate sales-

Same: renewal real est2<te broker1s

Definitions: applic~-t.ion. The

Same: original real est~te brokc~'s

filed

A renGwal real estate brokGr's license 'is a

Section 57205.

Section 57203.

Section 5720~.

'Section 57~04.

license.

license.

real estate broker's license, unrevoked or unsuspended,

man's license. An original real estate salesman's license

of the application for such renewal license, or who had

three months, under an original real estate. broker's

application for such license, or who had failed to become

is a real estate license issued to ? person who did not

one-year period imInediately preceding the date of the

wi'thin the one-year period immediately preceding the date

eligible for a ren2\·;allicense under a p:cevious original

real estate license issued ·to a person "lho had a rene\val

become eligible for a renewal license, during the preceding

license. An original real estate broker's license is a

real estate license iS3u.ed to a p2rson who did not hEN8

~pplic~tion is not

c2<tion for such licGnse, or h'110 had failed to becomE::

purposes of this Article.

year period imrnedic;"telypreceding tlK: date of the appli-

able n2gl~ct; provided, however, that any applicable 12ce

definitions contained in thi.s Article are solely for th2

Cornrni.£siorlcr n1c1Yissue () I."eJ1(~·h;al lic211S8 if ]-!(~ fi11Cl.3 t-"h:,

delay was due to mistake, in~dvertence. surpr~se or e~~u~·

rcauire:n2~·~S for ~ rei1ew21. lj_censc except ~~3·t th01

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7\11 renm'12l real cst.ate brol>:eTI s licenses and renewal

real estate salesman's licenses shall be issued for

Section 57208. funount of fees fixed: fee not re-

original rec:l est:i.1tc bl.-okcx:'s licens(;, but vrho has

"~'.:... --

orlS-\i~;ar 0{_~rioc1~ -unre"'"o1~e(3. C~=ur:su;::~-)erl(~:0d":or·:i·LTl.irl tl-1L~

S(~Cti()ll 572(ifj. Sc~n~(~;:~-::'::':lr:'~"r'2"::l~:'I:'-::~~1 (~:·~·i:~3·;-:~ ::.:.;-::-<Lf:~·~'"

e1ig :L1J ll~ f or a :(f~11':: 't.,)',:-: 1 .1.:'_ . C_'::' Sf; 1)_1 :.~'.'''_ : ~ '-.~'

r"'~21 [::.st2·;~e S,::iJ.c::!~-~::::.r} 1 s ~~:;.t-'-·~l~_'''~

lice11se

man's Ijuc0:J.se ... Ii rcrj,8';:lc:l ~::'(::~~l\3St~~t.t~ ~·;2:1e:::.r::;·~·(:i~:l.:..c:c:·:~:··::

Section 57210. License fee: when paYC1ble: failure

Section 57209. License £ee~ The original real estate

is a real estate J.iC8nSG j_~su2d to ~ p0r~o~~ (1) who ~l~d 6

failed to qualify fo£ ~ r~~G~21 real estate b~oker~s

Section 57207. Period of effectiveness of licenses.

irru'11ed.ic.i:cly pr:=ce.:lj,fl; tl~(~ c1·:~t:.~~cJi: t:'~:[~2iPplic().ticrl rO:t' ~;U.C11

rene't'lal license I o:~c (2) \1.1~n() }'.'3.:1.l:;eCC!ue e].isjJ)lc for u

renewal rsal est2t.G salc<5~i'!:::n' s lic:':'-':lS'S Ol- :'; :::.:;nC',~.·.'31 brokc~r I s

original 1~8al e~-;t:7~t-2s~j_e(~r;~2~·~ts lic:?:n.3E;t or (3) '.\1110 !l:ia

renewal license. during th2 pJ:eceding ~}'lreeInoDt1~s und0r 8n

license durin.']the p:::ec2din':Jt'h:;:-eer;:o;'-Iths unc3.0r an

license pursuant to t.lle p~'Gvi~-3icnsof Sec'tion 57157.

satisfied all th(~ requirt.?rnentsfor a rene-Tal s21esman I s

is refundable. It is deemed curned by the department

fundable. The amount of the real estate fees pr8scribed

periods of four years.

follm'ling provis ions of this l\rticle~ No part of any fee

for a license under this Chapter is that fixed by the

upon its receipt.

paid in accordance with the provisions of this Chapter

of examination: additional examination fee. The original

broker's license fee is ~venty Dollars ($20).

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Section 57212. Renew~l broker's license fGe. The

theret11"Jon lapse arLd 110 fu:ct}·!c~r r;J=ocec'dings Jt:~'1~:ceorlS11(3 ~~

fee. T11C re:)Jcric~tc:C1. ].J:ro}::.er (s license fee is )?ift~{

e;:an1in3'tiorJ.1 he rric-::~{ })e l")~:::(~-;:it.t,(',;c3. t.C1 t:~}-:G 8IiC.d':;-ler (=:;-:(";:.1

Pc •••• ·,

\__ ~·~·lt

f .•••,' .-;- - :-'::1..

If the licensee ~s

. "". t1:',""}:;:

t.() l-i:-.2 ss 'l:l1f2' ~~:::=:; .....~ ;:·8d \..7;:

If the licensee is a corporation,

~: ~.~.1. J. ~~

Sc~rne: res~c:cic:t~·d Dro}'-2:t ..t G license

. ,per )~C)Cl.,

- ..ap.l)l.lC31-!t:.

If an appJ_ica~~ f2ils to ~l)z31ify for a~~origi~~

f i1in.g c:E clr1 :: J.:)?]. i. ~ ...;';-p =-C);-:

I f th e

for a four-year

Section S7211.

Section 57213. Lic€nse issued to corporation: effec~:

($10) •

($50)

r':.::21 e.:.,i:~t.c br:c)]::.e:I: I ~ Ij.c~~~r.~.:.:c~f:~:"~ ~'..~~~ .j •...•.~:;.:~.'_;.:

of th(~

Section 57214. Renewal license to p~rtnership:

real esta·te brol~.crIS licF.;-r:sf.; "'iJit11irl tn~ec '\IC;:~:CS Il....c:-n t~·\J.

tion upon payment of an cdditional fe~ of Ten Dollars

8state. broker I s licens::'<

renewal real est2te broker's license fee is Fifty Doll2rs

a copartnership, the license issued to it entitles one

the license issued to it entitles one officer t11ereof, on

date of filing his applic2tion, said ~pplication shall

fee for other officers.

the officer so designated, through whom it engages in the

Dollars ($50) for a four-year period.

be taken.

such officer to be designated in the application of the

corporation for a license. For each officer other than

real estate broker without the p~yment of any fur'tber fee,

member only of the copartnership to engage on behalf of

or renewal fee is to be paid in addition to the fee paid

rights granted: fee for other member.

business of real estate broker, the appropriate original

behalf of the corporation, to engage in the business of

by the corporation.

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of t·.~:c cO~-)~~:t'·:-.tl.3;:~~11.-L~")~.I:l1() O~-l tJE-;n·31f of 'tIle C()par1::n~;~}:'s'jli}?

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t:() r~:'11~~fee: I"J3id b~i tl-18 copartn~r3hip.

Se(:tiO!l 57~J_5~ OTiainal s~J_esman's license" fce.J

o-" ']:11 ,2 c·riS'i!1C::;i x."e~l estcte s21esln2n's J.icense fea is Ten

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Sectio~ 57216~ Same~ \;henpaY2ble: failure of

e}:(~rnin,.:d.:ion:addition21 ree. ?"lL original roal estate

13 s;.=.lc;;':lTnan is - . fJ..2.C8113E: uee is payable on filing an appli-

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cation for an original real estate salesman's license.

If t!:le applicant £2i18 to pass t11e required '.vrittcn

examination h2 may be permitted to take another examination

upon payment of an additional fee of Five Dollars ($5).

If an applicant fails to qualify for an original real

estate salesman's license within three years from t11edate

of fili.ng his applicz;t.ion~ said application shall thereupon

lapse and no fur'char proceedings t.hereon shall be ta1~en.

Section 5721"1. Same: restricted license fee. The

restricted salesman's license fee is Thirty Dollars ($30)

for u four-year period.

Section 57218. Renewal salesman's license fee.

~le renewal real estate salesman's license fee is Thirty

Dollars ($30) for a four-year period.

Section 57219. Limited salesman's license fee.

The limited real estate salesman's license fee is Five

Dollars ($5).

Section 57220. Branch office broker's license fee.

For a branch office broker's license the fee is One

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Sec~-tior1 57221. Change 0::: :n.5rne c:~ i1~5_(~~·~O[';f::t:J:::~~

I'~Oj:" cllange ()f nClITie or of address of~ l5_c(:;r~::er~ c.~r~t.lj(:2:

records of ':::11e dep3rt1~1'2nt tl~0 :[f;C is C)j'i~-: .1'::;oIl~~~r($1).

Section 57222. SalesmQn's liccns(~ tr~~sf2r fce.

For transfer of a salesman's license on chance of

employer, the fee is One Dollar ($1).

Section 57223. Duplicate license foe. For ~

duplicate license the fee is One Dollar ($1).

Section 57224. Reinstatement license fee:

'reinstatement of a license' defined. For reinstatement

of a license within a licensing period or at the t~ue of

renew21 the fee is One Dollar ($1).

As used in this section, 'reinstatement of ~

licen:je I means 1.-.heJ:cissuance of co ct:\r~ccled or in2ctivated

real estate broker's license, or the reissuance of a real

estate salesman's license w~ich was c~nceled or inactiveted

during the period for which it was issucd upon the sale3":

man 's v.r1thdra\"lalfro::nthe employ of a real estate broker.

Section 57225. Fee for ezamination other than

original qualifying examination. For any examination

required, ot.her than the orig'inal qualifying examination

for a license, the. fee is Five Dollars ($5).

Section 57226. Authorization for appropriations.

There are hereby authorized to be appropriated such sums

as are necessary for the implementation of the provisions

of this Act."

Section 2. This Act shall take effect ninety (90) days

after its approval by the Governor but all those persons who are

licensed real estate agents, salesmen or brokers at such date

shall be permitted to renew their licenses and operate under

such licenses for a period not to exceed four years and until

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th25.,:- J. ic::;nscs :=.;-,!all be l:"cvoked by the Corml1issioner.

end (")f ~~i..lC:l tcuc:·-y:car per iodthey s·t il.l huve failed

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tl-l c:":;}S ;l;:-~":".l.. c;u:- J.:'.ry'· tl;lCl'''? ::. ': 1~~,-... l:orO\TlS leDr=, of '1.:110 Act. If at "::.1:0

to qualify,

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