40. A certificate holder wishing to have a real estate broker’s or agent’s certificate renewed shall apply for renewal thereof to the Association in writing prior to the expiry date of the certificate. The applicant shall fulfil the following conditions:(1) in the case of the holder of a chartered real estate broker’s certificate, the conditions provided in sections 8, 10 or 12, depending on whether the certificate holder is a natural person, a partnership or a legal person;
(2) in the case of the holder of an affiliated real estate broker’s certificate, the conditions provided for in section 14;
(3) in the case of the holder of a certificate for a real estate broker restricted to loans secured by immovable hypothec, the conditions provided for in section 16;
(4) in the case of the holder of a chartered real estate agent’s certificate, the conditions provided for in section 18;
(5) in the case of the holder of an affiliated real estate agent’s certificate, the conditions provided for in section 20;
(6) in the case of the holder of a certificate for a real estate agent restricted to loans secured by immovable hypothec, the conditions provided for in section 22; and
(7) pay the fees provided for in Chapter I of the By-law respecting chargeable fees and specialist titles of the Association des courtiers et agents immobiliers du Québec for the renewal of a certificate, as well as the contributions to the Fonds d’indemnisation provided for in Chapter V of the Regulation respecting the application of the Real Estate Brokerage Act (chapter C-73.1, r. 1).