Title 21 — Real Property

The Director of Revenue & Taxation is the Real Estate Commissioner. SOURCE: GC '58051.

Members. There is a Real Estate Commission which consists of seven (7) members. All members of the Commission shall be appointed by the Governor by and with the consent of the Legislature. The terms of the first three (3) members appointed after the effective date of this Act sha…

Members of the Commission shall be appointed for a term of four years and they shall hold office until the appointment and qualification of their successors, The terms of the members first appointed hereunder (excluding the Commissioner) shall expire as follows: one member, Janua…

Four (4) members of the Commission shall be real estate brokers actively engaged in business as such in Guam for five (5) years. One (1) member of the Commission shall be an attorney licensed to practice in Guam. One (1) member of the Commission shall be chosen from the general p…

All members of the Commission shall be residents of Guam as defined in Title 3 of the Guam Code Annotated (Election Law). SOURCE: GC '58054.

Each member of the Commission, except for the Commissioner, shall receive compensation at the rate of Fifth Dollars ($50) per day for each day on which the Commission meets, such compensation not to exceed One Hundred Dollars ($100) per month. SOURCE: GC '58055; R/R by P.L. 13-16…

COL120106 The Commission shall meet together for the transaction of business at least once each quarter-year, but the Chairman may call a meeting of the Commission at his discretion or upon written request of two or more members of the Commission. Each meeting of the Commission s…

SOURCE: GC '58057; repealed by P.L. 13-162:1.

A majority of the Commission constitutes a quorum for the transaction of any business, for the performance of any duty, or for the exercise of any power or authority of the Commission. A vacancy on the Commission does not impair the right of the remaining members to perform all t…

All meetings of the Commission shall be open to the public, except that the Commission may hold executive sessions to prepare, approve, grade or administer examinations. The Commissioner shall assign a secretary who shall keep record of all the proceedings, transactions, communic…

(a) The Commission may adopt rules and regulations relating to the administration of but not inconsistent with the provisions of this Division. (b) The Commission shall adopt a seal, which may be either an engraved or ink stamp seal, with the words 'Guam Real Estate Commission, T…

All records of the Commission shall be open to inspection by the public during regular office hours, except as otherwise provided by law. SOURCE: GC '58061. CROSS-REFERENCES: § 102109 with respect to real estate examinations: 5 GCA Chapter 8, Open Government Law. ---------- ARTIC…

The Commissioner shall enforce the provisions of this Division. He has full power to regulate and control the issuance and revocation, both temporary and permanent, of all licenses to be issued under the provisions of this Division, and to perform all other acts and duties provid…

Business. After qualifying as such, neither the Commissioner nor any of the deputies, or employees of the department shall be interested in any real estate brokerage firm, as director, stockholder, officer, member, agent, or employee, or act as a broker or salesman, or act as a c…

[Repealed] SOURCE: GC '58072; repealed by P.L. 13-162:1

[Repealed] SOURCE: GC '58073; repealed by P.L. 13-162:1.

[Repealed] SOURCE: GC '58074; repealed by P.L. 13-162:1.

The Commissioner may secure a credit or investigation report of any applicant for a license under this Division from an agency engaged in the business of furnishing credit reports. SOURCE: GC '58075.

Whenever the Commissioner believes from evidence satisfactory to him that any person has violated or is about to violate any of this Division, COL120106 or any order, license, permit, decision, demand or requirement, or any part or provision thereof he may bring an action in the …

The Commissioner 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 Division. He shall furnish one copy of such director to each licensed broker …

The Commissioner may periodically issue a bulletin continuing matter relating to the provisions of this Division, and the administration thereof, and may publish the same character of matter in any established periodical published in the territory which in his opinion would be mo…

Whenever in the opinion of the Commissioner any person has or is violating, or is about to violate, any of the provisions of this Division, the Commissioner may order the person to desist and refrain from doing so. If, after such order is made, a request for hearing is filed in w…

COL120106 No person shall engage in any activity after receiving a notice in writing from the Commissioner that in the opinion of the Commissioner such activity violates a provision of this Division, unless the Commissioner subsequently, in writing, withdraws his objections to th…

The Commissioner may require that any or all materials used in obtaining advance fee agreements, including but not limited to the contract forms, letters or cards used to solicit prospective sellers, and radio, newspaper, and television advertising be submitted to him at least fi…

Before denying, suspending, or revoking any license issuable or issued under the provisions of this Division, the Commissioner shall proceed as prescribed by the Administrative Adjudication Law, and the Commissioner shall have all the powers granted therein. SOURCE: GC '58100. CR…

The accusation provided for by 5 GCA '9201 shall be filed not later than three years from the occurrence of the grounds for revocation or suspension with which the respondent is charged. SOURCE: GC '58101.

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 jurisdiction to proceed with any investigation or actio or discipl…

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 the hearing. The fee for a certified transcript is twenty-f…