HB-4113, As Passed Senate, May 10, 2011

SUBSTITUTE FOR

HOUSE BILL NO. 4113

(As amended, May 5, 2011)

     A bill to amend 1980 PA 299, entitled

"Occupational code,"

by amending section 2506 (MCL 339.2506), as amended by 1988 PA 463.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 2506. (1) The department shall deliver or mail the

license of a real estate salesperson shall be delivered or mailed

to the real estate broker by whom that employs the real estate

salesperson, is employed and the broker shall be kept in the retain

custody and control of the broker <<the salesperson's certificate

of license and deliver the pocket card for that license to the

salesperson>>. A real estate

broker shall conspicuously display the real estate broker's license

and the license of each real estate salesperson employed by the

real estate broker in the real estate broker's place of business.

Written notice shall be given A real estate salesperson shall

provide proof to the broker that employs him or her that the real

House Bill No. 4113 as amended May 5, 2011

estate salesperson was issued and currently holds a real estate

salesperson license.

     (2) A licensee shall give written notice to the department by

a licensee of a any change of either a principal or branch business

location.

     (2) If the department determines that it will be unable to

issue a real estate salesperson's license under subsection (1)

within 2 weeks after the department determines that the applicant

for a real estate salesperson's license has met all requirements

for licensure, or the department is in fact unable to issue the

real estate salesperson's license within 2 weeks, the department

shall issue to the applicant, without payment of an additional fee,

a temporary license pursuant to section 213.

<<(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.>>