6549ORDINANCE NO. 6549
AN ORDINANCE REQUIRING REAL ESTATE BROKERS TO SECURE LICENSES,
FILING THE AMOUNT OF THE LICENSE FEE, PROVIDING PENALTIES
FOR A VIOLATION, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF LITTLE ROCK, ARKANSAS:
SECTION 1. It shall be unlawful for any person or in-
~° 'dual to engage in the b-d°airess or act is the
a real estate broker or dealer in real-estate in the City
of Little Rook, Arkansas, or real estate located elsewhere,
when having an office and pursuing said business in the
City of Little Rock, without first obtaining a license
therefor.
SECTION 2. A real estate broker or dealer is one who,
for a commission or other compensation for himself or others,
sells or offers for sale, buys or offers to buy, or negotiates
the purchase or sale of real estate, or who, for compensation,
rents or offers for rent, or collects rents upon real estate
or improvements thereon, or takes option on property for the
purpose of selling such property at an advanced price within
the life of the option or who holds himself out to the public
as a real estate agent, or advertises himself as such either in
newspapers or by signs on offices or elsewhere, or in any
other manner, either for himself or for others, as a whole or
partial vocation. This section shall be held to include all
salesmen or solicitors employed by any real estate broker,-
each of whom shall secure a license as provided herein..
Provided, however, this definition is not intended to apply
to a person or individual who sells or offers to sell real
estate or otherwise handle real estate owned by themselves
in good faith.
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SECTION 3. Every person or individual engaged in any
part or all of the business defined in the foregoing section,
shall pay an annual license fee of #10.00
SECTION 4. Any real estate broker, as defined above,
who fails to comply with Section 3 of this ordinance, by
procuring a license as therein provided, shall not be entitled
to any commission or compensation for the sale of any real
estate which he may perfect, -and any contract between him
and any person, firm or corporation for a commission or other
compensation, shall be null and void.
SECTION 5. The license or licenses required under this
ordinance shall expire on Demember 31st of each year. In the
event that application for such a license is made on or after
July lst of any year, the license fee shall be $5.00 for the
remainder of the calendar year.
SECTION 6. The city council reserves the power to
revoke and declare forfeited any license issued under the
provisions of this ordinanoe at any time the holder thereof
is guilty of a wilful attempt to violate the provisions of
this ordinance.
SECTION 7. Every person or individual licensed under
the provisions of this ordinance is required to have and
maintain an office in the City of Little Rook for the trans-
action of his business; and upon a change in the location of
his office no business shall be transacted in the new location
until the pity collector has notice of suoh change within
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48 hours.
SECTION S. Any person or individual who violates any of
the provisions of this ordinance shall be guilty of a mis-
demeanor, and upon conviction thereof shall be subject to a
fine of not less than twenty -five dollars nor more than
fifty dollars;.and each day during which the provisions of
this ordinance are not complied with.shall constitute a
separate offense. If any person.or individual shall be
convicted in any one year of two violations of this
ordinance, his license shall automatically be revoked for
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the balance of that year.
SECTION 9. This ordinance shall be in full force and
effect from and after its passage.
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PASSED: April 12, 1943 APPROVED
Mayor L
ATTEST ►
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