- CHAIRMAN'S COMMENTS -

Licensing renewal time is rapidly approaching and the renewal forms are being mailed out early this year to insure ample opportunity for each licensee to renew on time. Anyone who continues in the real estate business after June 30th with an expired license is an unlicensed person and subject not only to the penalties prescribed by low for operating without a license but also is not entitled to collect a commission.

The renewal procedure is quite simple; however, it seems that each year more and more licensees fail to renew properly. Licensees are urged to follow renewal instructions and the checklist which appears in this Bulletin. Let's prove we ore professionals by making 1972 the year in which renewal problems are reduced to an absolute minimum.

The Licensing Board continues to receive complaints against brokers for not furnishing buyers and sellers written copies of offer to purchase agreements or closing statements. The Licensing Law requires brokers to furnish these documents to the parties in each transaction. Failure to do so is a violation of the Licensing Law and subjects the broker to suspension or revocation of his real estate license. Please read these Licensing Law Violations elsewhere on is page.

Brantley Poole