2005 Idaho Code - 54-2040 — MAIN OFFICE OR BUSINESS LOCATION -- DISPLAY OF LICENSE

                                  TITLE  54
                    PROFESSIONS, VOCATIONS, AND BUSINESSES
                                  CHAPTER 20
                        IDAHO REAL ESTATE LICENSE LAW
    54-2040.  MAIN OFFICE OR BUSINESS LOCATION -- DISPLAY OF LICENSE. (1)
Definite location required. Each individual licensed as a designated real
estate broker under the provisions of this chapter shall be required to have
and maintain a definite, physical place of business, which place shall serve
as his main office for the transaction of business and be regarded for the
intent and purpose of this chapter as his principal place of business. Notice
in writing shall be given to the commission of any change by the broker of the
business name, location, or mailing address along with the fee for issuance of
a new license certificate. Upon receipt of the new license certificate or upon
its effective date, whichever is later, the broker shall remove from public
view any license certificate bearing the former business name or former
location. A change of business name or location without notification to the
commission and issuance of a new license certificate shall automatically
inactivate the license previously issued. The broker shall also notify the
commission in writing of any change in the business telephone number.
    (2)  Broker for more than one business. A qualified individual may be the
designated broker for more than one (1) licensed real estate business entity
only if all licensed businesses operate their main offices at the same
physical location.
    (3)  Brokers sharing same business location. More than one (1)
individually licensed broker may operate an office at the same address only if
each broker operates under a business name which clearly identifies the broker
as an individual within the group of brokers, and each broker shall maintain
his or her records and trust accounts separate from all other brokers.
    (4)  Business name and display of licenses. A broker shall not conduct
business under any name other than the one in which the license is issued. The
current license certificate for the broker and for each associate licensed
with the broker shall be prominently displayed or available for public
inspection in the office designated with the commission as the broker's main
office location. No other location may be used as a main office location until
proper notice is acknowledged by the commission.
    (5)  Lending license prohibited. A broker shall not lend or permit the use
of the broker's license, whether for compensation or not, to enable anyone
licensed or unlicensed to, in fact, establish or carry on a business for which
a real estate broker's license is required, wherein the broker does not
actively manage and have full control. In like manner, a salesperson shall not
use another person's broker's license, whether for compensation or not, to
establish or carry on a business for which a broker's license is required, nor
to manage and control the office, except as allowed by sections 54-2016(4) and
54-2039(1), Idaho Code.
    (6)  Return of license certificate. Upon surrender of a real estate
license or upon notice of suspension or revocation of such license, the broker
shall immediately forward the license certificate to the commission. The
license certificate of any sales associate licensed under and associated with
a broker whose license is to be surrendered, suspended or revoked shall be
returned to the commission on or before the effective date of the notice or
order surrendering, suspending or revoking the broker's license.