vouchers therefor are exhibited and approved by the Commission and approved by the Governor. The State Treasurer is directed to pay money out of the separate fund hereinabove provided upon the order of the secretary of the Board of Commissioners, countersigned by the Chairman of the Board of Commissioners and approved by the Governor, provided the total expenses for every purpose incurred shall not exceed the total fees and charges collected and paid into the State Treasury and all monies remaining in the separate fund hereinafter provided for at the end of the fiscal year not expended as herein provided for shall be covered into the State Treasury and shall be and become a part of the general fund of the State.

Section IV. Licenses shall be granted only to persons who are trustworthy and competent to transact the business of a real estate broker or real estate salesman in such manner as to safeguard the interests of the public, and only after satisfactory proof has been presented to the Board. The applicant must be a person whose application has not been rejected in this or any other State within two years prior to date of application.

Section V. Wherever the masculine gender is used in this Act it is to include the feminine gender. Every applicant for a real estate broker's license shall apply therefor in writing upon blanks prepared or furnished by the Real Estate Commission. Such application shall be accompanied by the recommendation of at least two citizens real estate owners, not related to the applicant, who have owned real estate for a period of one year or more, and who have known applicant for a period of six months, in the county in which said applicant resides, or has his place of business, which recommendation shall certify that the applicant bears a good reputation for honesty, truthfulness, fair dealing and competency, and recommending that a license be granted to the applicant. Every application for a broker's license shall state the name of the person, firm, partnership, copartnership, association or corporation with which he will be associated in the business of real estate, and the location of the place, or places, for which said license is desired and set forth the period of time, if any, which said applicant has been engaged in the real estate business. Every applicant for a license shall furnish a sworn statement setting forth his present address, both of his business, and residence, a complete list of all former places where he may have resided or been engaged in business for a period during the last five years, accounting for such entire period, and the length of such residence, together with the name and address of at least one real estate owner in each of said counties where he may have resided or have been engaged in business, and whether he has been convicted of a criminal offense involving moral turpitude, and if so, what offense. Every appli

cant for a salesman's license shall, in addition to the requirements of this section, also set forth the period of time, if any, during which he has been engaged in the real estate business, stating the name and address of his last employer, and the name and the place of business of the person, firm, partnership, copartnership, association or corporation then employing him, or into whose service he is about to enter. The application shall be accompanied by a written statement by the broker in whose service he is about to enter, stating that in his opinion the applicant is honest, truthful, and of good reputation, and recommending that the license be granted to the applicant. Every applicant for a license, under the provision of this Act, shall be accompanied by the license fee herein prescribed. In the event that the Commission does not issue the license, the fee shall be returned to the applicant. The Commission is expressly vested with the power and authority to make and enforce any and all such reasonable rules and regulations connected with the application for any license as shall be deemed necessary to administer and enforce the provisions of this Act. All such rules and regulations to be subject to the approval of the Governor.

Section VI. The Commission, after application in proper form has been filed, shall, before refusing to issue a license, set the application down for a hearing and determination as hereinafter provided in Section IX.

Section VII. The Commission shall issue to each licensee a license in such form and size as shall be prescribed by the Commission. This license shall show the name and address of the licensee and in case of a real estate salesman's license, shall show the name of the real estate broker by whom he is employed. Each license shall have imprinted thereon the seal of the Commission, and in addition to the foregoing shall contain such matter as shall be prescribed by the Commission. The license of each real estate salesman shall be delivered or mailed to the real estate broker by whom such real estate salesman is employed, and shall be kept in the custody and control of such broker. It shall be the duty of each real estate broker to conspicuously display his license in his place of business. The Commission shall prepare and deliver to each licensee a pocket card, which card, among other things, shall contain an imprint of the seal of the Commission, and shall certify that the person whose name appears thereon is a licensed real estate broker or real estate salesman, as the case may be, and if it is a real estate salesman's card, it shall also contain the name and address of his employer. The matter to be printed on such pocket card, except as above set forth, shall be prescribed by the Commission. The original fee for each real estate broker's license shall be Ten Dollars ($10.00) and the annual renewal fee shall be Five Dollars ($5.00). The

original fee for each real estate salesman's license shall be five Dollars ($5.00) and the annual renewal fee shall be Two and 50-100ths Dollars ($2.50). Provided, that when a co-partnership, association or corporation shall have paid an original fee of Ten Dollars ($10.00) or a renewal fee of Five Dollars ($5.00), and shall have designated one of its members or officers as hereinafter provided in this section, the fees payable by any other member or officer actively engaged in the real estate business of such co-partnership, association or corporation shall be Five Dollars ($5.00) for the first registration fee and Two and 50100ths Dollars ($2.50) for the renewal fee, for which a salesman's license shall be issued, but any such member or officer shall be entitled to a broker's license upon the payment of the usual fee therefor. When a real estate broker's license is granted to any co-partnership or association, consisting of more than one person, or to any corporation, this shall entitle the co-partnership, association or corporation to designate one of its members or officers, who upon compliance with the terms of this Act shall without payment of any further fee, upon issuance of said broker's license, be entitled to perform all of the acts of a real estate salesman contemplated by this Act. The person so designated, however, must make application for a salesman's license, which application shall accompany the application of the real estate broker, and be filed with the Commission at the same time. If, in any case, the person so designated by a real estate broker shall be refused a license by the Commission, or in case such person ceases to be connected with such real estate broker, said broker shall have the right to designate another person who shall make application as in the first instance. Each real estate broker's license which may be granted to an individual shall entitle such individual to perform all of the acts contemplated by this Act without any application upon his part and without payment of any fee other than the real estate broker's annual fee. Every license shall expire on the thirty-first day of December of each year. The Commission shall issue a new license for said ensuing year, in the absence of any reason or condition which might warrant the refusal of the granting of a license, upon receipt of the written request of the applicant and the annual fee therefor, as herein required. The revocation of a broker's license shall automatically suspend every real estate salesman's license granted to any person by virtue of his employment by the broker whose license has been revoked, pending a change of employer and the issuance of a new license. Such new license shall be issued without charge, if granted during the same year in which original license was granted. Every real estate broker shall designate a place of business in this State. If the real estate broker maintains more than one place of busi

ness within the State, a duplicate license shall be issued to such broker for each branch office maintained. Provided, that if such broker be a co-partnership, association or corporation, a duplicate shall be issued to the members or officers thereof, and a single fee of One Dollar ($1.00) in each case shall be paid for each duplicate license. Notice in writing shall be given to the Commission by each licensee of any change of principal business location, whereupon the Commission shall issue a new license for the unexpired period without charge. The change of business location without notification to the Commission shall automatically cancel the license theretofore issued. When any real estate salesman shall be discharged or shall terminate his employment with the real estate broker by whom he is employed, it shall be the duty of such real estate broker to immediately deliver or mail by registered mail to the Commission such real estate salesman's license. The real estate broker shall at the time of mailing such real estate salesman's license to the Commission, address a communication to the last known residence address of such real estate salesman, which communication shall advise such real estate salesman, that his license has been delivered or mailed to the Commission. A copy of such communication to the real estate salesman shall accompany the license when mailed or delivered to the commission. It shall be unlawful for any real estate salesman to perform any of the acts contemplated by this Act either directly or indirectly under the authority of said license from and after the date of receipt of the said license from said broker by the Commission; provided, that another license shall not be issued to such real estate salesman until he shall return his former pocket card to the commission or shall satisfactorily account to it for the same. Provided, further, that not more than one license shall be issued to any real estate salesman for the same period of time.

Section VIII. The Commission may upon its own motion and shall upon the verified complaint in writing of any three persons, provided such complaint, or such complaint together with evidence, documentary or otherwise, presented in connection therewith, shall make out a prima facie case, investigate the actions of any real estate broker or real estate salesman, or any person who shall assume to act in either such capacity within this State, and shall have the power to suspend or to revoke any license issued under the provisions of this Act, at any time where the licensee has by false or fraudulent representation obtained a license, or where the licensee in performing or attempting to perform any of the acts mentioned herein, is deemed to be guilty of: (a) making any substantial misrepresentation, or (b) making any false promises of a character likely to influence, persuade or induce, or (c) Pursuing a continued and flagrant

course of misrepresentation or making of false promises through agents or salesman or advertising or otherwise, or (d) Acting for more than one party in a transaction without the knowledge of all parties for whom he acts or (f) Representing or attempting to represent a real estate broker other than the employer, without the express knowledge and consent of the employer, or (g) failing, within a reasonable time, to account for or to remit any moneys coming into his possession which belong to others, or (h) Being unworthy or incompetent to act as a real estate broker or salesman in such manner as to safeguard the interests of the public, or (i) Paying a commission or valuable consideration to any person for acts or services performed in violation of this Act, or (j) Any other conduct, whether of the same or a different character from that hereinbefore specified, which constitutes improper, fraudulent, or dishonest dealing. Any unlawful act or violation of the provisions of this Act by any real estate salesman, employee, or partner or associate of a licensed real estate broker, shall not be cause for the revocation of a license of any real estate broker, parțial or otherwise, unless it shall appear to the satisfaction of the Commission that said employer, partner, or associate had guilty knowledge himself.

Section IX. The Commission shall, before denying an application for license or before suspending or revoking any license, set the matter down for a hearing, and at least twenty days prior to the date set for the hearing it shall notify the applicant or licensee in writing, which said notice shall contain an exact statement of the charges made and the date and place of hearing. The applicant or licensee at all such hearings shall have the opportunity to be heard in person and by counsel in reference thereto. Such written notice may be served by delivery of same personally to the applicant or licensee or by mailing same by registered mail to the last known business address of such applicant or licensee. If such applicant or licensee be a salesman the Commission shall also notify the broker employing him or in whose employ he is about to enter by mailing notice by registered mail to the broker's last known business address. The hearing on such charges shall be at such time and place as the Commission shall prescribe. In the preparation and conduct of hearings the Commission shall have power to require by subpoena the attendance and testimony of witnesses and the production of papers, and any member of the Commission may sign subpoenas, administer oaths and affirmations, examine witnesses and receive evidence. The fees and mileage shall be the same as prescribed by law in judicial procedure in the courts of this State in civil cases. Any party to any hearing before the Commission shall have the right to the attendance of witnesses in his behalf at such hearing upon making a request thereof to the