452.30 Association with firm; independent practice.

248 words·~1 min read·/wi/chapter-452/452-30

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)No licensee may provide brokerage services on behalf of a firm unless all of the following apply:

(a)The licensee is associated with the firm.

(b)The licensee has notified the department that the licensee is associated with the firm.

(2)A licensee may notify the department that the licensee is associated with a firm under sub.

(b)by doing one of the following:

(a)Providing the notice at the time the licensee first applies for licensure as a broker or salesperson. No separate fee for notifying the department may be required for such a notification under this paragraph.

(b)Notifying the department through the use of a form prescribed by the department and paying the transfer fee specified in s. 440.05

(7).

(3)A licensee who is associated with a firm may notify the department that the licensee has become associated with another firm using the method specified in sub.

(b).

(a)A licensee that ceases to be associated with a firm shall, through the use of a form prescribed by the department, send written notice to the department within 10 days after the date on which the licensee ceases to be associated with the firm.

(b)A firm that terminates a licensee from being associated with the firm shall, through the use of a form prescribed by the department, send written notice of that termination to the department within 10 days after the termination.