Article 39 (Suspension of Business)

The registration authority may order the suspension of business for a period not exceeding 6 months if a licensed real estate agent falls under any of the following subparagraphs. In this case, if the licensed real estate agent is a corporation, the suspension of business may be ordered for each corporation or branch office. <Amended by Act No. 9471, Feb. 29, 2008, Act No. 9632, Apr. 1, 2009, Act No. 10632, May 19, 2011, Act No. 11690, Mar. 23, 2013, Act No. 12306, Jan. 28, 2014, Act No. 17314, Jun. 9, 2020, Act No. 17771, Dec. 29, 2020> 1. In cases where a licensed real estate agent employs a person who falls under any of subparagraphs 1 through 11 of Article 10 (2) as an employed real estate agent or a real estate brokerage assistant, in violation of the provisions of Article 10 (2). Provided, That this shall not apply if the cause is resolved within 2 months from the date the cause occurred. 2. In cases where an impression seal has not been registered or an unregistered impression seal has been used, in violation of the provisions of Article 16. 3. In cases where an exclusive brokerage contract has been entered into without using the exclusive brokerage contract form prescribed by the Ministry of Land, Infrastructure and Transport, or where the contract has not been preserved, in violation of the provisions of Article 23 (2). 4. In cases where information about the brokerage target property has been falsely disclosed, or where the fact that a transaction of the brokerage target property entrusted for disclosure to the transaction information service provider has been completed has not been notified to the transaction information service provider, in violation of the provisions of Article 24 (7). 5. Deleted <by Act No. 12306, Jan. 28, 2014> 6. In cases where the confirmation and explanation document for the brokerage target property has not been delivered or preserved, in violation of the provisions of Article 25 (3). 7. In cases where the confirmation and explanation document for the brokerage target property has not been signed and sealed, in violation of the provisions of Article 25 (4). 8. In cases where a transaction contract has not been properly prepared, delivered, or preserved, in violation of the provisions of Article 26 (1). 9. In cases where a transaction contract has not been signed and sealed, in violation of the provisions of Article 26 (2). 10. In cases where reporting, submission of data, investigation, or inspection pursuant to Article 37 (1) has been refused, obstructed, or evaded, or where other orders have not been complied with, or where false reports or data submission has been made. 11. In cases where the licensed real estate agent falls under any of the subparagraphs of Article 38 (2). 12. In cases where a licensed real estate agent, who has received two or more orders of suspension of business or penalties for violation of this Act within the past one year, has committed an act subject to a penalty again. 13. In cases where a business organization formed by licensed real estate agents or a licensed real estate agent who is a member thereof has received disposition pursuant to Article 52 or 53 of the 「Fair Trade Act」 in violation of Article 51 of the same Act. 14. In cases of other violations of this Act or orders or dispositions issued under this Act.

A disposition of suspension of business under paragraph (1) shall not be made if three years have elapsed from the date on which the cause falling under any of the subparagraphs of the same paragraph occurred. <Newly Inserted by Act No. 8738, Dec. 7, 2005, Amended by Act No. 17314, Jun. 9, 2020>