35. An affiliated real estate broker’s certificate or a real estate agent’s certificate is cancelled by operation of law upon the occurrence of any of the following events:(1) where the certificate holder no longer has all the qualifications required in section 21 of the Regulation respecting the application of the Real Estate Brokerage Act (chapter C-73.1, r. 1);
(2) where it is established that the certificate holder’s certificate was issued, renewed or reinstated under false pretences concerning the required qualifications;
(3) in the case of the holder of a certificate for a real estate agent restricted to loans secured by immovable hypothec, where his certificate for a market intermediary is cancelled; or
(4) when the certificate holder dies.