61-2f-406. Grounds for revocation of principal broker's license.
(1) An unlawful act or violation of this chapter committed by a person listed in Subsectionis cause for: (2) the revocation, suspension, or probation of a principal broker's license; or the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.
(2) Subsectionapplies to an act or violation by any of the following: (1) a sales agent or associate broker employed by a principal broker; a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or an employee, officer, or member of a principal broker.