A limited real estate salesman’s license does not confer any property right in the privileges to be exercised thereunder, and the Commissioner may revoke or suspend such license without a hearing. Such license shall be issued for a period not to exceed one hundred twenty (120) days. Such license shall not be renewed; and it shall not be transferred without the consent of the Commissioner. The holder of a limited real estate salesman’s license may not sign any contract or agreement on behalf of the broker with whom he is employed.
SOURCE: GC § 58162.

NOTE: In the context of limited real estate licenses, the restrictions contained within this section and the express lack of a property right in this license, it seem certain that the Legislature intended to also restrict the transferability of these limited licenses to the Commissioner=s direction. The original public law, P.L. 11-65, does not contain the word not. Pursuant to the authority of the Compiler under 1 Guam Code Ann. § 1605(7) to correct manifest typographical errors, the Compiler has inserted not in this section to conform with the obvious intent.