The Commissioner may, upon his own motion, and shall, upon the verified complaint in writing of any person, investigate the actions of any person engaged in the business or acting in the capacity of a real estate licensee within Guam, and he may temporarily suspend or permanently revoke a real estate license at any time where the licensee, while a real estate licensee, in performing or attempting to perform any of the acts within the scope of this Chapter has been guilty of any of the following:
(a) Making any substantial misrepresentation.

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CH. 104 REAL ESTATE REGULATIONS

(b) Making any false promises of a character likely to influence, persuade or induce.
(c) A continued and flagrant course of misrepresentation or making of false promises through real estate agents or salesmen.
(d) Acting for more than one party in a transaction without the knowledge or consent of all parties thereto.

(e) Commingling with is own money or properly the money or other property of others which is received and held by him.

(f) Claiming, demanding, or receiving a fee, compensation or commission under any exclusive agreement authorizing or employing a licensee to sell, buy or exchange real estate for compensation or commission where such agreement does not contain a definite, specified date of final and complete termination.
(g) The claiming or taking by licensee of any secret or undis- closed amount of compensation, commission, or profit or the failure of a licensee to reveal to the employer of such licensee the full amount of such licensee=s compensation, commission or profit under any agreement authorizing or employing such licensee to do any acts for which a license is required under this Chapter for compensation or commission prior to or coincident with the signing of an agreement evidencing the meeting of the minds of the contracting parties, regardless of the form of such agreement, whether evidenced by documents in an escrow or by any other or different procedure.

(h) The use by a licensee of any provision allowing the licensee the option to purchase in an agreement authorizing or employing such licensee to sell, buy or exchange real estate for compensation or commission, except when such licensee prior to or coincident with election to exercise such option to purchase reveals in writing to the employer the full amount of licensee=s profit and obtains the written consent of the employer approving the amount of such profit.

(i) Any other conduct, whether of the same or a different character than specified in this section, which constitutes fraud or dishonest dealing.

SOURCE: GC § 58182.