HomeMy WebLinkAboutORDINANCE - 179 - 7/24/1961 - LICENSING OF REAL ESTATE BROKERSa{DINANCE d0. 179
AN ORDINANCE itEGULA'1'INO AND LICENSING HEAL ESTATE BROKERS 6UPrLEiliEATING THE
MUNICIPAL CODE OF ELK GROVE VILLAGE OF 1961
Na'47, 'TiiEREFONE, BE IT ORDAINED by the President and Board of Trustees of the
Village of Elk Grove Village, Cook County, Illinois:
SECTION 1. Chapter 22 of the 1,1unicipal Code of Elk Grove Village of 1961 be
amended and supplemented by adding the following article and sections which
shall read as follows:
XIV REAL ESTATE. BROKERS
Section 22.1401 LICENSE REQUIRED. No person, firm or corporation shall
operate as a broker of real estate without having first obtained a license
as is herein provided. Provided that this article shall not be construed to
require an additional broker's license from employees of a licensed broker.
Section 22.1402 APPLICATIONS. Applications for real estate broker's license
shall be made in writing to the Village Clerk. No such license shall be
issued to a person who is not a person of good character, and it shall be the
duty of the Clerk to make or cause to be made an investigation into the
character of such applicant.
Section 22.1403 FEE. The annual fee for a real estate broker's license shall
be thirty dollars and no license shall be issued except upon payment of the fee.
Section 22.1404 FRAUD. It shall be unlawful for any person operating as a real
estate broker to practice fraud or deception of any sort or to make false
pretenses of any kind, or to represent both parties to a transaction without the
consent and knowledge of both parties.
Section 22.11105 PE11kLa . Any person licensed under the provisions of this
article who is guilty of a violation of any provision of this article shall
be fined not less than five nor more than one hundred dollars for each offense;
and a separate offense shall be deemed committed on each day during or on which
a violation occurs or continues; and upon a second offense being committed the
President and Board of Trustees may revoke the license of such person.
SECTION 2. This ordinance shall be in full force and effect upon the passage,
approval and publication according to law.
PASSED and APPROVED this 24th day of July, 1961.
Attest:
s/ Eleanor G. Turner
Village Clerk
S
/ James R. Gibson
President
e"�
PUBLISHED this `� ✓ day of/c 1961
in the Elk Grove Herald.
Ord. No. 179