Source: https://development.code.dccouncil.us/dc/council/code/titles/47/chapters/28/subchapters/I-B/parts/O/
Timestamp: 2019-04-21 00:39:23+00:00

Document:
D.C. Law Library - Part O. Special Rules for Real Estate Brokers, Real Estate Salespersons, and Property Managers.
↪ Part O. Special Rules for Real Estate Brokers, Real Estate Salespersons, and Property Managers.
Part N. Real Estate Salespersons.
Part P. Duties of Real Estate Brokers, Salespersons, and Property Managers.
Part O. Special Rules for Real Estate Brokers, Real Estate Salespersons, and Property Managers.
§ 47–2853.181. Exemptions from licensure requirement.
§ 47–2853.182. Transfer of license; change of status.
§ 47–2853.183. Licensure of real estate organizations.
§ 47–2853.184. Place of business.
§ 47–2853.186. Automatic suspension of license through affiliation.
§ 47–2853.187. Effect of corporate, partnership, or association license revocation or suspension.
(8) Any qualifying nonprofit housing organization as defined by § 47-3505(a).
D.C. Law 16-130, in par. (2), substituted “individual” for “person”.
For temporary (90 day) amendment of section, see § 2(n) of Non-Health Related Occupations and Professions Licensure Emergency Act of 2006 (D.C. Act 16-255, January 26, 2006, 53 DCR 763).
Section 2(n) of D.C. Law 16-101, in par. (2), substituted “natural person” for “person”.
(a) A license issued to a real estate broker, real estate broker or property manager shall not be transferred to another person.
(b) A person licensed as a real estate broker may, upon written request to the Mayor, change his or her status from that of a real estate broker to that of a member, partner, trustee, or officer of a firm, franchise, partnership, association, or corporation, or to that of an associate real estate broker with a corporation, for any unexpired portion of his or her licensure term, upon the payment of the requisite fees required pursuant to this subchapter.
(c) Any broker who wishes to change his or her status to that of an associate real estate broker shall notify the Board of Real Estate by certified mail.
(d) For the purposes of this part, the term “associate real estate broker” means any person licensed under this subchapter as a broker who is employed by a real estate broker, franchise firm, association, business, or corporation, but who is not a partner, an officer or a principal broker within a licensed legal entity.
(4) Every branch office is managed by a licensed real estate broker.
(a) If a real estate broker maintains more than one place of business within the District, a duplicate license shall be issued to the broker for each office upon payment of the required fee. A copy of the license must be posted within each office.
(b) Whenever a real estate broker changes the location of his or her principal place of business, or discontinues his or her business, he or she shall notify the Mayor within 15 days of the event, in writing, and return to the Mayor his or her license together with the licenses of all real estate salespersons employed by him or her. The Mayor shall issue a new license to the broker upon payment of the required fee. A salesperson shall be issued a new license upon reemployment and payment of the required fees.
(c) Failure to notify the Mayor or to return the license as required by this section will result in immediate suspension of the license until the real estate broker has complied with the provisions of this section.
(d) New licenses for the unexpired term may be issued by the Mayor upon written request by the applicant and the payment of the fees required pursuant to this subchapter.
(7) Is a name which is deceptively similar to a name used by any other licensee.
(a) Whenever a real estate broker’s license has been suspended or revoked pursuant to this subchapter, all real estate salespersons employed by that real estate broker must mail their licenses to the Mayor within 15 days of the revocation or suspension. It shall be unlawful for the real estate salesperson to perform any of the acts specified in this subchapter from the date of revocation or suspension until he or she has been reemployed and a license has been reissued to him or her by the Mayor.
(b) When a real estate salesperson is discharged or terminates his or her employment with a licensee, the licensee, within 15 calendar days, shall mail notification to the former employee that his or her license has been mailed to the Mayor. A copy of the notice to the real estate salesperson shall accompany the license when it is mailed to the Mayor. It shall be unlawful for any real estate salesperson to perform any of the acts specified in this subchapter, under authority of the license issued pursuant to this subchapter, from the date of discharge or termination until the time he or she is employed by another licensee and a license is reissued to him or her by the Mayor.
(c) When a real estate salesperson is discharged by or terminates his employment with a licensee it shall be the duty of the real estate salesperson to notify the Mayor in writing within 15 days. It shall be unlawful for the real estate salesperson to perform any of the acts specified in this statute from the date of discharge or termination until he or she has been employed by another licensee and a license is reissued to him or her by the Mayor.
(2) In an association or corporation, the director or officer whose license has been revoked or suspended is discharged and he or she has no further participation in the association’s or corporation’s activities.

References: § 47

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§ 47
 § 47
 § 2