Arizona republican., 1921-03-14

ditioned that he or it will practice the business of real estate brokerage in a truthful and reliable manner and to pay such damages as may be caused by his negligence of misrepresentations
 "Section 12. The fees for licenses shall be as follows:
 CD For a brokers license the an- nual fee shall be S25. If the lcensee be corporation; the license issued to 1t shall entitle the president thereof to engage in the business of real estate broker within the meaning of this acs For officers other than the president of a licensed corporation, who shall en- gage in the business of real estate broker, within the meaning of this act, the annual fee shah be s10. If the license be a co-partnership the license issued to it shall entitle one member Of said CO., partnership to engage in the business of real estate broker with in the meaning of this act For each other member of such co-partnership who engages in the business of real estate broker within the meaning Of this act, the annual fee shall be S10. CD For salesman's license the an- nual fee shall be s10.
 (3) If application for a license is made during the period beginning on the first day of April and ending on the thirtieth day of June in any year. three-fourths of the annual fee shall be paid, if application is made during the period beginning on the first day of July and ending on the thirtieth day of September, one-half of such annual fee; if application is made during the period beginning on the first day of l October and ending on the thirty-first day of December, one-fourth of such annual fee.
 (D All applications for license shall be accompanied by the license fee as iherein provided and all licenses shall expire on December 31 of each year. Section 13-The licenses of both broker and salesman shall be promi- nently displayed in the office of the real estate broker and no license issued hereunder shall authorize the 1icensee to do business except from the location stipulated in the license. Notice in writing shall be given the commis- sioner of change of business location or change of employer. whereupon the commissioner shall issue a new license for the unexpired period without charge. The change of business loca- ton without notification to the com missioner and the issuance by him o1 a new license shall automatically can eel the license heretofore issued an6 the license heretofore issued shall be returned to the office of the real estate commissioner
 | Each person, firm or corporation licensed as a broker under the provi- sions of this act shall be required tC have and maintain a definite place O. business in the state of Arizona whicf lshall serve as his office for the trans action of business.
 1 Section 1.-The real estate commis- sioner may upon his own motion. ant must upon the verified complaint il iwriting of any person, investigate th' factions of any person, CO., partnership or corporation engaged in the bushes! or acting in the capacity of req iestate broker or a real estate salesman within this state, and shall have thu lpQwer to temporarily suspend or per manently revoke licenses issued Unde the provisions Of this act, at any tim' where the holder thereof in perform ing, or attempting to perform, any 0 the acts mentioned in Section hereo is guilty of
 "0) Making any substantial misrep resentation, or
 "(2) Making any false promises of
 character likely to influence, persuad l or induce or
 "(3) A continued and fragrant cours
 of misrepresentation or making fals
 promises through agents Or statesmen
 or
 "(4) Acting for more than one part, III d ITdIlSdCLIOl N4titObA t1'S FA4AS " ASbt . or conduct of all parties thereto. or
 "(5) Any other conduct, whether 0 the same or a different character thal
 hereinabove specified. which consti tuted dishonest dealing.
 Before suspending or revolling an. license the said commissioner shal notify. in writing, the holder of sucl license of the charge against him ant afford an opportunity to be heard il
 person or by counsel in referenc
 thereto. Any party aggrieved by sue decision of the commissioner ma
 within 10 days from the date of sai
 decision appeal therefrom to th superior court of the state of Arizona 1 in and for the county in which the per
 son affected by such decision reside
 (Cortinued on Page Nine)