P.R. Laws tit. 20, § 3060
(a) The incumbent members of the Puerto Rico Real Estate Brokers Examining Board appointed pursuant to Act No. 139 of June 14, 1980, shall continue in office until the Governor of Puerto Rico appoints the members of the new Board and they take office. Likewise, every real estate broker’s license issued pursuant to said act shall remain in effect until it expires, or until it is suspended or revoked pursuant to this chapter.
All regulations adopted by virtue of Act No. 139 of June 14, 1980, shall remain in effect with full force and power until they are amended or revoked, provided they are not in conflict with this chapter. Those procedures, applications for examinations, licenses, actions and claims that are pending before the Board or any ourt as of the date of approval of this act which have been initiated according to the provisions of Act No. 139 of June 14, 1980, shall continue to be handled until a final decision is made, pursuant to the laws and regulations in force on the date that said procedures, applications, actions or claims were presented or initiated.
(b) Any person who, on the effective date of this act is already duly registered pursuant to Act No. 145 of June 18, 1980, and who is engaged in selling in Puerto Rico real property located outside of Puerto Rico, shall continue performing said activity, but the person shall comply with all the provisions of this chapter and the regulations adopted by the Department of Consumer Affairs with regard thereto, within sixty (60) days following the effective date of this act.
Those procedures, applications for registration, complaints, investigations, claims or actions pending before the Department of Consumer Affairs or any court as of the date of approval of this act, that have been initiated pursuant to the provisions of Act No. 145 of June 18, 1980, shall continue to be handled until a final decision is made, pursuant to the laws and regulations in force on the date said procedures were presented or initiated.
History —Apr. 26, 1994, No. 10, § 37, eff. 90 days after Apr. 26, 1994.