29. An affiliated real estate broker’s certificate or a real estate agent’s certificate is suspended by operation of law upon the occurrence of any of the following events:(1) where the certificate of the holder of a chartered real estate broker’s certificate, of a certificate for a real estate broker restricted to loans secured by immovable hypothec or of a certificate for a multidisciplinary firm that employs the certificate holder or on whose behalf the certificate holder is authorized to act is suspended or cancelled; or
(2) in the case of the holder of a certificate for a real estate agent 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.