Business names, use of by licensees
40 Business names, use of by licensees
The use of a business name by a licensee is not subject to the approval of the Commissioner but —
subject to subsection (2), a licensee may carry on business as an agent under only one business name which shall be endorsed on his triennial certificate; and
all licensees carrying on the business of an agent under a business name shall have their surnames and initials on all correspondence from them in that business.
A licensee who was, immediately before the appointed day 2 carrying on business as a real estate agent under a business name and as a business agent under another business name may continue to do so but so that he uses only one business name for the business of a real estate agent and only one business name for the business of a business agent, in which case both business names shall be endorsed on his triennial certificate.
A licensee who alters the name, style, title, or designation under which he carries on business as an agent shall within 14 days after the day on which he first uses that altered name, style, title, or designation in connection with that business give notice in writing to the Commissioner of the altered name, style, title, or designation.
Penalty: $1 000.
[Section 40 amended: No. 43 of 1994 s. 11; No. 58 of 2010 s. 134.]
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