Section 9

Act 58 of 1990, § 9, under REAL ESTATE LICENSING AND REGISTRATION ACT - OMNIBUS AMENDMENTS.

Act 58 of 1990, § 9

Section 9. Sections 601 and 603 of the act, amended March 29, 1984 (P.L.162, No.32), are amended to read:

Section 601. Duty of brokers [and limited], cemetery brokers and rental listing referral agents to maintain office.

(a) Each resident licensed broker (which term in this section shall include [limited] cemetery broker) and rental listing referral agent shall maintain a fixed office within this Commonwealth. The current license of a rental listing referral agent or broker and of each licensee employed by such broker shall be prominently displayed in an office of the broker or rental listing referral agent. The address of the office shall be designated on the current license. In case of removal of a broker's office from the designated location, all licensees registered at that location shall make application to the commission before such removal or within ten days thereafter, designating the new location of the office, and shall pay the required fees, whereupon the commission shall issue a current license at the new location for the unexpired period, if the new location complies with the terms of this act. Each licensed broker shall maintain a sign on the outside of his office indicating the proper licensed brokerage name.

(b) If the applicant for a broker's license intends to maintain more than one place of business within the Commonwealth, he shall apply for and obtain an additional license in his name at each office. Every such application shall state the location of such office. [Effective 24 months after the effective date of this act, each] Each office shall be under the direction and supervision of a manager who is either the broker or an associate broker: Provided, however, That such broker or an associate broker may direct and supervise more than one office.

Section 603. Employment of associate brokers, salesperson.

No associate broker or salesperson (which term in this section shall include [limited] cemetery salesperson) shall be employed by any other broker than is designated upon the current license issued to said associate broker or said salesperson. Whenever a licensed salesperson or associate broker desires to change his employment from one licensed broker to another, he shall notify the commission in writing no later than ten days after the intended date of change, pay the required fee, and return his current license. The commission, shall, upon receipt of acknowledgment from the new broker of the change of employment issue a new license. In the interim at such time as the change in affiliation of the salesperson or associate broker occurs, he shall maintain a copy of the notification sent to the commission as his temporary license pending receipt of his new current license. It shall be the duty of the applicant to notify the commission if a new license or other pertinent communication is not received from the commission within 30 days.