36-21A-70. Revocation or suspension of firm license following discipline of responsible broker.
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/sd/title-36/chapter-36-21/36-21a-70A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commission suspends, revokes, or takes any other action against a responsible broker, the action may apply to the responsible broker's firm and the firm license may be revoked, suspended, or otherwise disciplined. Each licensee shall terminate the licensee's relationship with the disciplined firm if the firm's license has been revoked or suspended.