28. A real estate broker’s certificate, other than an affiliated real estate broker’s certificate, is suspended by operation of law upon the occurrence of any of the following events:(1) in the case of the holder of a chartered real estate broker’s certificate, where any of his places of business ceases to be managed in accordance with section 13 of the Act for more than 60 consecutive days; or
(2) in the case of the holder of a certificate for a real estate broker restricted to loans secured by immovable hypothec, where he ceases to hold a certificate for a market intermediary in insurance issued under the Act respecting market intermediaries, or where his certificate for a market intermediary in insurance is suspended.