§73-35-31. Penalties for violations of chapter

(1) Any person violating a provision of this chapter shall, upon conviction
of a first violation thereof, if a person, be punished by a fine or not less
than Five Hundred Dollars ($500.00) nor more than One Thousand
Dollars ($1,000.00), or by imprisonment for a term not to exceed ninety
(90) days, or both; and if a corporation, be punished by a fine of not
more than Two Thousand Dollars ($2,000.00). Upon conviction of a
second or subsequent violation, if a person, shall be punished by a fine
of not less than One Thousand Dollars ($1,000.00) nor more than Two
Thousand Dollars ($2,000.00), or by imprisonment for a term not to
exceed six (6) months, or both; and if a corporation, be punished by a
fine of not less than Two Thousand Dollars ($2,000.00) nor more than
Five Thousand Dollars ($5,000.00). Any officer or agent of a
corporation, or any member or agent of a partnership or association,
who shall personally participate in or be accessory to any violation of
this chapter by such corporation, partnership or association, shall be
subject to the penalties herein prescribed for individuals.

(2) In case any person, partnership, association or corporation shall have
received any sum of money, or the equivalent thereto, as commission,
compensation or profit by or in consequence of his violation of any
provision of this chapter, such person, partnership, association or
corporation shall also be liable to a penalty of not less than the amount
of the sum of money so received and not more than four (4) times the
sum so received, as may be determined by the court, which penalty
may be sued for and recovered by any person aggrieved and for his use
and benefit, in any court of competent jurisdiction.

(3) No fee, commission or other valuable consideration may be paid to a
person for real estate brokerage activities as described in subsection (1)
of Section 73-35-3 unless the person provides evidence of licensure
under the provisions of this chapter or provides evidence of a
cooperative agreement provided under the authority of Section 73-35-
11.