§ 71-631. Licenses - Exemptions - Term - Suspension, revocation or denial.

A.  It is unlawful for any person to transact business in this state as an agent unless he has obtained a real estate broker's or real estate sales associate's license from his state of residence, if required, and has obtained a license under this Code to offer or dispose of subdivided lands, provided that the provisions of this section shall not apply to a person whose dealings relate solely to property exempt under Section 622 of this title or to transactions exempt under Section 623 of this title.

B.  Every license expires on the thirtieth day of June following the date of issuance.  It may be renewed under such rules as the Administrator may establish.

C.  Any license may be suspended, revoked or denied as provided in Section 634 of this title.

D.  The Administrator may, by rule or order, exempt from the requirements of this section persons as to whom he finds licensing under this Code is not necessary for the protection of purchasers.

Added by Laws 1977, c. 95, § 631.  Amended by Laws 1988, c. 108, § 25, eff. Nov. 1, 1988.