OCCUPATIONAL CODE (EXCERPT)
Act 299 of 1980
***** 339.2506 THIS SECTION IS AMENDED EFFECTIVE MARCH 29, 2017: See 339.2506.amended *****
339.2506 Delivering or mailing real estate salesperson's license to broker; custody and control of licenses; notice of change of location; "pocket card" defined.
(1) The department shall deliver or mail the license of a real estate salesperson to the real estate broker that employs the real estate salesperson, and the broker shall retain custody and control of the salesperson's certificate of license and deliver the pocket card for that license to the salesperson. A real estate salesperson shall provide proof to the broker that employs him or her that the real estate salesperson was issued and currently holds a real estate salesperson license.
(2) A licensee shall give written notice to the department of any change of either a principal or branch business location.
(3) As used in this subsection, "pocket card" means the pocket card that contains information about the license that the department provides when it issues a license under this article.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980
Am. 1988, Act 14, Imd. Eff. Feb. 18, 1988
Am. 1988, Act 463, Eff. Sept. 1, 1989
Am. 2011, Act 33, Imd. Eff. May 24, 2011
Popular Name: Act 299
© 2015 Legislative Council, State of Michigan