While emergency suspensions of brokerage licences occur very rarely, it is worth knowing how
a brokerage licence suspension impacts licensees at the brokerage.
I would like to draw your attention to an article in this issue of the Report from Council that will be of interest to many licensees: our cover story, «Suspended:
Brokerage Licence Suspensions and What They Mean to You.»
Brokerage Licence Suspensions and What They Mean to You As many licensees will already be aware, over the past several months the Council has suspended the licences of three separate brokerages.
To be sure that you are aware of the requirements under the Real Estate Services Act relating to
brokerage licence suspensions, please review the article in this issue carefully.
Not exact matches
When a
brokerage's
licence is suspended, the
licences of all representatives, associate brokers, and managing brokers are placed on inoperative status, effective from the date of the
suspension.
Your
licence will remain inoperative until the
brokerage is taken off
suspension, your
licence expires, or you have your
licence transferred to another licensed
brokerage.