Partnertax.ai Start free trial

D.C. Code § 47-2853.187

Effect of corporate, partnership, or association license revocation or suspension.

Official textus-dc/statcode.dccouncil.gov
Summarize

In the event of the revocation or suspension of a license issued to a real estate firm, franchise, partnership, association, or corporation, the license issued to the principal real estate broker, or any member of a partnership or director or officer of an association or corporation, shall be summarily revoked or suspended by the Mayor, unless:

# (1)

In a partnership, the connection with the member whose license has been revoked or suspended is severed within the time prescribed by the Mayor, and his or her participation in the partnership’s activities is terminated; or

# (2)

In an association or corporation, the director or officer whose license has been revoked or suspended is discharged and he or she has no further participation in the association’s or corporation’s activities.

Source: official DC Code section page (code.dccouncil.gov)

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 47-2853.133 · Certain representations prohibited.
  2. 47-2853.141 · Scope of practice for property managers.
  3. 47-2853.142 · Eligibility requirements.
  4. 47-2853.143 · Certain representations prohibited.
  5. 47-2853.151 · Scope of practice for real estate appraisers.
  6. 47-2853.152 · Eligibility requirements.
  7. 47-2853.153 · Certain representations prohibited.
  8. 47-2853.154 · Appraisal Education Fund.
  9. 47-2853.161 · Scope of practice for real estate brokers.
  10. 47-2853.162 · Eligibility requirements.
  11. 47-2853.163 · Certain representations prohibited.
  12. 47-2853.171 · Scope of practice for real estate salespersons.
  13. 47-2853.172 · Eligibility requirements.
  14. 47-2853.173 · Certain representations prohibited.
  15. 47-2853.181 · Exemptions from licensure requirement.
  16. 47-2853.182 · Transfer of license; change of status.
  17. 47-2853.183 · Licensure of real estate organizations.
  18. 47-2853.184 · Place of business.
  19. 47-2853.185 · Prohibited names.
  20. 47-2853.186 · Automatic suspension of license through affiliation.
  21. 47-2853.187 · Effect of corporate, partnership, or association license…
  22. 47-2853.191 · Fiduciary duties when representing a seller.
  23. 47-2853.192 · Fiduciary duties when representing a buyer.
  24. 47-2853.193 · Fiduciary duties when representing a landlord of leased…
  25. 47-2853.194 · Fiduciary duties when representing a tenant.
  26. 47-2853.195 · Fiduciary duties of a property manager.
  27. 47-2853.196 · General provisions governing disclosure of brokerage…
  28. 47-2853.197 · Prohibited acts.
  29. 47-2853.198 · Acts not required to be disclosed.
  30. 47-2853.201 · Scope of practice for refrigeration and air conditioning…
  31. 47-2853.202 · Eligibility requirements.
  32. 47-2853.203 · Certain representations prohibited.
  33. 47-2853.207 · Definitions.
  34. 47-2853.208 · Detective and security agencies; security services…
  35. 47-2853.211 · Scope of practice for steam and other operating engineers.
  36. 47-2853.212 · Eligibility requirements.
  37. 47-2853.213 · Certain representations prohibited.
  38. 47-2853.217 · Definitions.
  39. 47-2853.218 · Tour guides.
  40. 47-2853.221 · Transfer of personnel, records, property, and funds.
Full table of contents →