Mich. Admin. Code R. 339.22219 - Lapse of broker's license
Rule 219.
(1) If
a broker's license is lapsed, the licenses of all real estate salespersons and
all affiliated associate real estate brokers employed by that real estate
broker are automatically suspended until that real estate broker is relicensed
pursuant to section 2502a(3) of the code, MCL 339.2502a, or until
there is a change of employer and the issuance of a new license.
(2) If a real estate salesperson or
affiliated associate real estate broker whose license was suspended pursuant to
subrule (1) of this rule becomes employed by a different licensed broker, the
department shall issue a new license to the salesperson or associate real
estate broker without charge if the license is issued during the same term in
which the original license was issued.
Notes
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