Although more than 90% of all brokers and salesmen have renewed their real estate licenses for the year 1976-77, approximately 2,400 persons failed to renew, and their licenses automatically expired on June 30, 1976. These persons should be aware that if they continue to engage in the real estate business, they will be subject to the penalties prescribed by law for engaging in business without a license.

Brokers should check the pocket renewal cards of all salesmen in their employ to ascertain whether they have renewed their licenses. By employing unlicensed salesmen, brokers subject themselves to having their own licenses suspended or revoked.

Brokers should also require other brokers with whom they are cooperating with in real estate transactions to verify that they have renewed their licenses. By sharing a commission with an unlicensed person, brokers may be subjecting themselves to having their own licenses suspended or revoked.

Remember to carry your pocket renewal card with you at all times when engaging in the real estate business. It is your only means of identifying yourself as a licensed real estate broker or salesman.