Page:United States Statutes at Large Volume 53 Part 2.djvu/879

 1355 53 STAT.] 76TH CONG., 1ST SESS.-CH. 664 -AUG. 10, 1939 (b) The fifth paragraph of said section 7 of said Act is amended fSlesman's license, by striking out the words "real estate." (c) Section 7 of said Act is further amended by inserting a new 79 0D. . Cd, paragraph between the fifth and sixth paragraphs of said section 7 supp. Iv, 1976. to read as follows: "The fees provided herein for any original license shall be reduced Prorating ofee. by one-half in all cases where the application for such original license is filed between January 1 and July 1 of any year." (d) The seventh paragraph of section 7 of said Act is hereby amended to read as follows: "The Commission shall cause to be issued a new license for each Annual issuance of ensuing year, in the absence of any reason or condition which might warrant the refusal of the granting of a license, upon receipt of the written request of the applicant and the annual fee therefor, as herein required: Provided, however, That an applicant who, on or before Prsecy ro- July 1, fails to file said written request and pay the annual fee must visions. comply with all the provisions of this Act applicable to an original applicant except that the Commission may waive the requirement of furnishing proof of competency. The revocation of a broker's Revoction of bro- license shall automatically suspend every salesman's license grantedeect. to any person by virtue of his employment by the broker whose license has been revoked, pending a change of employer and the issuance of a new license. Such new license shall be issued without charge if granted during the same license year in which the original license is granted." (e) The eighth paragraph of section 7 of said Act is amended to read as follows: "No person, firm, partnership, copartnership, association, or corpo- ingAcom ontion.t ration engaged in the business or acting in the capacity of a real- estate broker or a real-estate salesman, or a business-chance broker or a business-chance salesman, within the District of Columbia shall bring or maintain any action in the courts of the District of Colum- bia for the collection of compensation for any services performed as a real-estate broker or a real-estate salesman or a business-chance broker or business-chance salesman, or enforcement of any contract relating to real estate without alleging and proving that such person, firm, partnership, copartnership, association, or corporation was a duly licensed real-estate broker or real-estate salesman, or business- chance broker or business-chance salesman, at the time the alleged cause of action arose." (f) The ninth paragraph of said section 7 of said Act is amended 2SD. . Code to read as follows: Supp.IV, 1197. "Every broker licensed hereunder shall maintain a place of busi- pMeafinbense of ness in the District of Columbia. If a broker maintains more than one place of business within the District of Columbia, a duplicate license shall be issued to such broker for each branch office main- tained; and there shall be no fee charged for any such duplicate license." (g) The tenth paragraph of said section 7 of said Act is amended to read as follows: "When a broker changes the location of his principal place of Changeflocation. business he must immediately notify the Commission in writing and return to the Commission his license together with the licenses of all salesmen in his employ, and the Commission shall issue a new license to the broker and to each of the salesmen without charge. Failure to notify the Commission and to return his license when the location of his principal place of business is changed, will auto- matically cancel the broker's license and the licenses of all salesmen in his employ. However, new licenses for the unexpired term may 98907°-39-PT 2 -54

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