(1) A nonresident of the state may become a real estate broker in this state by conforming to all the conditions of this part 2; except that the nonresident broker shall not be required to maintain a place of business within this state if that broker maintains a definite place of business in another state.
(2) If a broker has no registered agent registered in this state, the registered agent is not located under its registered agent name at its registered agent address, or the registered agent cannot with reasonable diligence be served, the broker may be served by registered mail or by certified mail, return receipt requested, addressed to the entity at its principal address. Service is perfected under this subsection (2) at the earliest of:
The date the broker receives the process, notice, or demand;
The date shown on the return receipt, if signed by or on behalf of the broker; or(c) Five days after mailing.
(3) All such applications shall contain a certification that the broker is authorized to act for the corporation.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 624, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-107 as it existed prior to 2019.