Limited Real Estate Salesman’s License: Rights and Limitations Under Limited

License. A limited real estate salesman’s license does not confer any property right in the privileges to be exercised thereunder, and the Commissioner may revoke or suspend such license without a hearing. Such license shall be issued for a period not to exceed one hundred twenty (120) days. Such license shall not be renewed; and it shall not be transferred without the consent of the Commissioner. The holder of a limited real estate salesman's license may not sign any contract or agreement on behalf of the broker with whom he is employed. SOURCE: GC § 58162. 2026 NOTE: As enacted by P.L. 11-065 (June 30, 1971), the third sentence of this provision stated: “Such license shall not be renewed; and it shall be transferred without the consent of the Commissioner.” In past publications of the GCA, an undated annotation states that the prior Compiler had added the word “not” in this sentence to correct manifest error as authorized by 1 GCA § 1606, and “to conform with the obvious intent.” The Compiler explained: “In the context of limited real estate licenses, the restrictions contained within this section and the express lack of a property right in this license, it seem[s] certain that the Legislature intended to also restrict the transferability of these limited licenses to the Commissioner’s direction.”