Section 08.88.291. Location; contact information.

   (a) A person licensed as a real estate broker shall, by registering with the commission, inform the commission of the person's principal office and of any branch offices of the person's real estate business and include in the information the names of the real estate licensees who are employed at each office. A real estate licensee may do real estate business only through a principal office or from a branch office registered by the broker by whom the licensee is employed. Failure of a real estate broker to maintain a place of business in the state or to inform the commission of its location and the names and addresses of all real estate licensees employed at each location by the broker is grounds for the suspension or revocation of the broker's license.
   (b) Each licensee under this chapter is responsible for ensuring that the commission has current contact information for the licensee for two years after the lapse, expiration, surrender, suspension, or revocation of the license.
   (c) In addition to the information provided under (a) of this section, a licensee shall provide the commission with a current mailing address and, if active, the address of the broker employing the licensee.
   (d) The commission shall mail all notices pertaining to a license or recovery fund action taken under this chapter or a regulation adopted under this chapter to the current address or addresses of a licensee obtained under this section. Proof of notice provided under this subsection satisfies due process notice requirements.

Authorities

8.88.321

Notes

Implemented As

12 AAC 64.077
12 AAC 64.110
12 AAC 64.128

References

AS 8.88.321 .321">Sec. 08.88.321. Possession and display of license certificates.

History

(Sec. 1 ch 95 SLA 1964; am Sec. 14 ch 28 SLA 1974; am Sec. 26 ch 167 SLA 1980; am Sec. 20 ch 45 SLA 1998; am Sec. 7 ch 106 SLA 2004; am Sec. 8, 9 ch 113 SLA 2008)