Any natural person who wishes to practice the profession of real estate broker in Puerto Rico shall meet the following requirements:
(a) File a duly-sworn application before the Board on the form furnished by the Board for such purposes.
(b) Present a certificate of good behavior issued by the Puerto Rico Police; by a state of the United States of America and by the foreign country, if pertinent, indicating that for five (5) years prior to the application, he/she has not been convicted of a felony or misdemeanor that implies moral turpitude; Provided, That this requirement may be met at any time before the Board issues the license. If the applicant should meet this requirement after having approved [sic] the license, and there is an indication on the certificate of convictions that disqualifies him/her from obtaining the license, the board may reject the application for failure to comply with this requirement.
(c) Be over 18 years of age.
(d) Be a high school graduate or its equivalent.
(e) Provided, That after July 1, 1995, he/she shall have approved a minimum of sixty (60) university credits in institutions accredited or recognized by the Council on Higher Education. Real estate brokers who hold a license as of the date of approval of this act shall not have to meet this requirement.
(f) Have passed the real estate broker’s examination given by the Board.
(g) Meet the educational requirements for a real estate license established in § 3038 of this title.
(h) Pay a fee of two hundred dollars ($200), through an Internal Revenue voucher.
(i) Present a certification from the banking institution where the escrow or special deposit account that he/she shall use in his/her business as a broker, is deposited.
History —Apr. 26, 1994, No. 10, § 10; July 30, 1999, No. 172, § 3.