Section 17-2700. CHANGE OF LICENSEE STATUS

 

2700.1Upon receipt of a properly filed written request on a form approved by the Board and payment of the appropriate fees, the Board may approve the change of status of a real estate broker licensee.

 

2700.2An individual licensed as a real estate broker may request to change the status of the license to the following:

 

(a)That of a member, partner, trustee or officer of a firm, partnership, association, business trust or corporation; or

 

(b)That of an associate real estate broker with a firm, partnership, association, business trust, or corporation.

 

2700.3A change of status shall be effective for any unexpired portion of the licensure term.

 

2700.4Upon receipt of a licensee's completed change of status request, the Board shall issue a new license to the licensee reflecting the change of status but that contains the same expiration date as the original license.

 

2700.5The Board shall change the status of a real estate broker to an associate broker only if the real estate broker meets the definition of an associate broker established by D.C. Official Code § 47-2853.182(d).

 

2700.6A firm, partnership, association, business trust, and corporate licensee shall notify the Board, by certified mail, of any change in the status of affiliation with real estate brokers and real estate salespersons.

 

2700.7Licenses issued by the Board are not transferable to another person.

 

source

Final Rulemaking published at 52 DCR 6998 (July 29, 2005).