3057

(a) Any person who engages in the profession of real estate broker or salesperson in Puerto Rico without the corresponding license, or who employs another person to do so without a license, shall incur [in] a misdemeanor and upon conviction, shall be punished with a fine of five hundred dollars ($500) or imprisonment for a period of not more than six (6) months, or both penalties, [at] the discretion of the court. The Board shall suspend the person’s license for one (1) year, if he/she is convicted, and if it is a real estate company, and if it is a second offense, it shall permanently lose the right to engage in the profession in Puerto Rico.\n(b) Sales of real property located outside of Puerto Rico. — Any person who violates the provisions of this chapter or any rule or regulation promulgated by virtue thereof related to the sale of real property located outside of Puerto Rico, or any person who files false or incomplete information pursuant to this chapter, shall incur [in] a felony, and upon conviction, shall be punished with a fine that shall not be less than one thousand dollars ($1,000), or more than twenty-five thousand dollars ($25,000), or imprisonment for a term not

lony, and upon conviction, shall be punished with a fine that shall not be less than one thousand dollars ($1,000), or more than twenty-five thousand dollars ($25,000), or imprisonment for a term not greater than one (1) year, or both penalties, at the discretion of the court.\nThe commission of one single act by a person who is required to have a license, without holding it, shall be a violation of this chapter; Provided, also, That each act shall be considered as a separate violation.\nHistory —Apr. 26, 1994, No. 10, § 34, eff. 90 days after Apr. 26, 1994.