12 AAC 64.075 - Employment and transfer
(a) An individual
may not be involved in activities requiring licensure under AS 08.88 until the
individual's employing broker signs and delivers to the commission, either by
electronic mail or regular United States mail, a notice of employment of the
individual and the individual's completed broker notice to real estate
commission of licensee termination form is delivered to the broker by the
licensee or the commission.
(b)
When a licensee requests a license transfer from one broker to another, the
terminating broker must complete the broker notice to real estate commission of
licensee termination form, provide a copy of the completed form to the
licensee, and submit the completed form to the commission, either by electronic
mail or regular United States mail, not later than five days from the date of
the licensee's request for a license transfer. The licensee shall provide the
new employing broker with a copy of the completed broker notice to real estate
commission of licensee termination form and provide the commission with a
completed application for license transfer and the fees established in
12 AAC 02.360. The commission will
mail an amended license certificate directly to the new employing
broker.
(c) After applying for a
license transfer, the licensee may work in the office of the new employing
broker for not more than 30 days while waiting for an amended license
certificate. The new employing broker shall keep a copy of the licensee's
signed application for license transfer and a copy of the completed broker
notice to real estate commission of licensee termination form described in (b)
of this section until the amended license certificate is received.
(d) The commission's designee shall review
and approve a license transfer if the transfer
(1) allows a licensee to resume licensed
practice under
AS
08.88.171(a)(1), (a)(2), (b)(1), or
(b)(2), or after being re-employed as a
licensed real estate salesperson for purposes of
AS
08.88.171(c); and
(2) does not require further review by the
commission.
(e) Failure
of the licensee to notify the commission of a transfer or status change within
15 days after the commission's receipt, either by the electronic mail or
regular united states mail, of notice from the licensee's terminating broker
interrupts the licensee's period of active and continuous experience.
Notes
Authority:AS 08.88.081
AS 08.88.171
AS 08.88.251
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