Application forms for the annual renewal of real estate licenses were mailed the middle of May to all licensees of record. Brokers and salesmen who have not yet renewed are urged to do so as soon as possible. Renewals filed after June 30th are subject to a $5.00 late filing fee. In addition, licensees who fail to renew their licenses but continue in business are not only not entitled to compensation for their services but are also subject to prosecution as for a misdemeanor.

This year, for the first time, corporation licenses also require renewal. This is in accordance with on opinion of the Attorney General carried in a previous issue of the BULLETIN, A number of brokers are engaging in business as a corporation without being licensed to do so. Unlicensed corporations should immediately contact the Licensing Board office for instructions.

In processing renewals, it appears that a number of salesmen have changed employment without properly transferring their licenses or having their licenses returned to the Board office by their former broker.. These licenses will not be renewer4ft until they have been transferred1w Please refer to page 4 for the rules regarding the renewal and transfer of licenses,