New-York tribune., 1922-07-16
News ana comment OF City and Suburban Real Estate Marle
Tax Department VIII
Depend on Realty Men
r,foreement of License Law Will Be Left to Real
Estate Boards, Who Will Be Expected
to Sponsor Applications

-. state Tax Department has dis
...ssa ~ application blanks for IL
- which every one engaged in the
fs ss.ats business will be required
~ .ws after October /. The applica-
as,s s.ye been placed with the various
aeas .s,sse s organizations Of the state
~ as.-;bution among their members.
= .sy authorities are relying on
me areanizations are to see that the
ssess q the law are fulfilled.
fios'',s ,ssv-anization is expected not to
baea "a the Tax Department the
o,si o.,.,;s,tion Of any broker or salesman
s.sr s.s Il will not sponsor. ACCORDING
~, - state broker means any person,
- ~ ~ corporation who, for another
slI fee. commission or other valu-
sss q. :, ,.ossideration. sells, exchanges,
~. sem ~ rants. or offers or attempts to
@.s,;..e a sale, exchange, purchase
a'sn,sl Of an estate or interest in
g a.tste or collects or offers or at
re- - 10 collect rent for the use of
~ I ,state. or negotiates, or offers or
.a.npts to negotiate, loan secured
~ IN bs secured by q mortgage or other
;..anbrance upon or transfer OF real
a,ste. tSection 44o.)
rs,j estate salesman means a per-
:. - nsnpIoyed by q licensed real estate
s..,.r 10 sell or offer for sale, to buy
!. sTer to buy or to negotiate the
.-ssase or sale or exchange of real
rs,,. or to negotiate loan on real
s.,,s or to lease or rent or offer to
.,w rent or place for rent any real
.....s for or in behalf of such real
s.,ts broker. (Section 440.l
Beginning October /, 1922, a license
~, extends from October l in any
wen year TO September 80 the follow
T. ~ r.sr. Only one-half the regular
- |, required to be paid for a IL
,...s application for which is filed
.,sr ApriI OF any license year. (Sec-
In .l0a and Section 441b-3.}
gysrr resident licensed real estate
s.,ssr shall have and maintain a def
! i, ulace of business within this state.
Tsrs more than one place of business
] sssistained, supplemental license
1 h sach branch office must be pro-
/ ax. Supplemental licenses are is
4 FIJI wEtlout cHdISe. kOcStioii SfA-o -o-'
ALI licenses must be conspicuously
dspawd in the place of business for
zhieh they are issued. When the To-
cation Of any office is changed, the
license issued with the old address be-
comes yoid. Immediate application for
new license bearing the new ad-
dress should be made. Such licenses
are issued sithout charge. (Section
Hl-s-s and 81
Any psrson who violates any provls-
ion Of The act licensing real estate
s.9sers and real estate statesmen shall
h eaiity of a rnisdemeanor. (Section
salh,1
mState Tax Commission may re
4 Fai he license of real estate broke
asmen or suspend the same, FOL
gs period as the commission ma!
asr proper, upon conviction of the
Huase Of violation of any provision
d he statute, or for material mis-
ssssment in the application for such
Eesase, or if such licensee has beer
slhy Of fraud or fraudulent practices
u has demonstrated untrustworthiness
" incompetency to act as real estate
sruser or salesman as the case may
be. Section 441-c).
nonresident of this state may ap-
|ply for and procure a real estate
brokers' or salesman's license by com
plying with all the provisions Of the
statute, except that such nonresident
sroker or salesman regularly engaged
IN the real estate business as voca-
ton. and who maintains q definite place
Of business in some other state, shall
hot De required to maintain q place of
business within this state. Every non
resident applicant must file an irrevo
cable consent to suits aud actions on
Form ST-52 with this application.
{Seetion si1h)