Bill Text: MI HB4123 | 2009-2010 | 95th Legislature | Engrossed
Bill Title: Occupations; real estate; requirement to display real estate broker's license and license of each salesperson employed in place of business; eliminate. Amends sec. 2506 of 1980 PA 299 (MCL 339.2506).
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-03-04 - Referred To Committee On Economic Development And Regulatory Reform [HB4123 Detail]
Download: Michigan-2009-HB4123-Engrossed.html
HB-4123, As Passed House, March 3, 2009
SUBSTITUTE FOR
HOUSE BILL NO. 4123
A bill to amend 1980 PA 299, entitled
"Occupational code,"
by amending section 2506 (MCL 339.2506), as amended by 1988 PA 463.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
2506. (1) The license of a real estate salesperson shall
be
delivered or mailed to the real estate broker by whom the real
estate
salesperson is employed and shall be kept in the custody and
control
of the broker. A real estate broker shall conspicuously
display
the real estate broker's license and the license of each
real
estate salesperson employed by the real estate broker in the
real
estate broker's place of business. A
real estate salesperson
shall provide proof to the employing broker that the real estate
salesperson has been issued and currently holds a real estate
salesperson license. Written notice shall be given to the
department by a licensee of a change of either a principal or
branch business location.
(2)
If the department determines that it will be unable to
issue
a real estate salesperson's license under subsection (1)
within
2 weeks after the department determines that the applicant
for
a real estate salesperson's license has met all requirements
for
licensure, or the department is in fact unable to issue the
real
estate salesperson's license within 2 weeks, the department
shall
issue to the applicant, without payment of an additional fee,
a
temporary license pursuant to section 213.
