§ 43-23-05 — Real estate license required

A person may not act as a real estate broker or real estate salesperson, or advertise or
assume to act as a real estate broker or real estate salesperson, without a license issued by the
real estate commission. A person is not entitled to collect any fees, compensation, or
commission as a real estate broker or real estate salesperson without having first complied with
the provisions of this chapter. A copartnership, association, corporation, or limited liability
company may not be granted a license, unless at least one partner, shareholder, member,
manager, or officer of the copartnership, association, corporation, or limited liability company,
actually engaged as a real estate broker, holds a license as a real estate broker, and unless
every employee who acts as a real estate salesperson for the copartnership, association,
corporation, or limited liability company holds a license as a real estate salesperson.