Establishment
(a) There is hereby created within the Department the Virgin Islands Real Estate Commission.
Composition; qualifications of members
(b) The Commission shall be composed of seven (7) members appointed by the Governor, not more than three of whom shall be licensed real estate brokers. One of such real estate brokers shall be an attorney. They shall be citizens of the United States and residents of the Virgin Islands. The members who are real estate brokers shall have been licensed as brokers in the Virgin Islands for at least five consecutive years prior to the date of appointment; Provided, however, That for the purpose of this requirement licensure as a real estate agent in the Virgin Islands prior to December 1, 1967, may be counted. Not more than three members may reside in any one island.
Appointment of members; terms
(c) The Governor shall make initial appointments to the Commission within sixty days after May 14, 1967, three members to be appointed for initial terms of two years, and two members for initial terms of four years. Thereafter, all members shall be appointed for terms of four years, except that any person appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed only for the remainder of such term. Each member shall serve until the appointment and qualification of his successor. Appointment of members to the Commission shall be subject to confirmation by the Legislature.
Chairman
(d) The Commission shall annually elect one of its members to serve as Chairman; Provided, That the Governor shall designate the Chairman of the Commission initially appointed under this section.
Compensation
(e) The members of the Commission shall serve without compensation, but shall be subject to the provisions of section 65 of this Code.
Removal of members
(f) The members may be removed by the Governor for cause.