2. A real estate broker’s licence may be restricted
(1) to residential brokerage; or
(2) to commercial brokerage.
A restricted licence is issued to a natural person who makes a licence application in accordance with section 1, passes the training program and passes the required examination prepared by the Organization for the particular restriction.
A licence holder who passes the training program and passes the required examination may have the restricted licence modified to include a second restriction or to have it become a real estate broker’s licence with no restriction.
O.C. 295-2010, s. 2; O.C. 937-2013, s. 2.