C-73.2, r. 3 - Regulation respecting the issue of broker’s and agency licences

Full text
20. A agency licence is revoked by the Organization if
(1)  the holder requests the revocation;
(2)  the holder has, on the due date, failed to make the payments required by section 45 of this Regulation and section 15 of the Regulation respecting the Real Estate Indemnity Fund and determination of the professional liability insurance premium (chapter C-73.2, r. 5) for the issue or maintenance of the licence or the fees referred to in the third paragraph of section 109 of the Real Estate Brokerage Act (chapter C-73.2);
(3)  the holder, through misrepresentation, obtained the issue or maintenance of the licence or the lifting of the suspension or the restrictions or conditions imposed on the licence;
(3.1)  the holder has made a false representation when updating information concerning him or her as requested by the Organization in accordance with section 11;
(4)  the holder no longer has an establishment in Québec;
(5)  the holder, partners in the case of a partnership or directors in the case of a legal person,
(a)  has or have failed to repay the principal, interest and costs of any amount imposed by a final judgment arising from liability for a cause referred to in section 108 of the Real Estate Brokerage Act or from the exercise of a subrogatory action under section 112 of that Act;
(b)  has or have failed to comply with an order of the disciplinary committee or court made in connection with a disciplinary action or remedy referred to in sections 35 and 128 of the Real Estate Brokerage Act, or failed to pay any fine and any interest, costs and charges owing to the Organization pursuant to a judgment or a decision of the disciplinary committee; or
(c)  has or have failed to pay any amount of money to the party entitled to it arising out of an undertaking made during mediation or conciliation or an arbitration award, pursuant to section 34 of the Real Estate Brokerage Act; or
(6)  in the case of a natural person, the person no longer holds a broker’s licence.
O.C. 295-2010, s. 20; O.C. 157-2012, s. 11.