WILLIAM DONALD SCHAEFER, Governor Ch. 563

TITLE 3. RESERVED.

TITLE 4. REAL ESTATE BROKERS.
SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS.
4-101. DEFINITIONS.

(A)  IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

SUBCOMMITTEE COMMENT: This subsection is new language used
as the standard introductory language to a definition
section.

(B)  AFFILIATE.

"AFFILIATE" MEANS, UNLESS THE CONTEXT REQUIRES OTHERWISE, TO
ESTABLISH BETWEEN AN INDIVIDUAL AND A REAL ESTATE BROKER AN
EMPLOYMENT OR OTHER CONTRACTUAL RELATIONSHIP UNDER WHICH THE
INDIVIDUAL IS AUTHORIZED TO PROVIDE REAL ESTATE BROKERAGE
SERVICES ON BEHALF OF THE REAL ESTATE BROKER.

SUBCOMMITTEE COMMENT: This subsection is new language added
to provide an express definition of the term
"affiliate".

Defined terms: "Provide real estate brokerage

services" § 4-101
"Real estate broker" § 4-101

(C) ASSOCIATE REAL ESTATE BROKER.

"ASSOCIATE REAL ESTATE BROKER" MEANS AN INDIVIDUAL:

(1)  WHO MEETS THE REQUIREMENTS FOR A REAL ESTATE
BROKER LICENSE UNDER § 4-304 OF THIS TITLE BUT WHO APPLIES FOR
AND IS GRANTED AN ASSOCIATE REAL ESTATE BROKER LICENSE UNDER §§
4-307 AND 4-309 OF THIS TITLE; AND

(2)  WHO, UNDER THE ASSOCIATE REAL ESTATE BROKER
LICENSE, MAY PROVIDE REAL ESTATE BROKERAGE SERVICES ON BEHALF OF
A LICENSED REAL ESTATE BROKER WITH WHOM THE ASSOCIATE REAL ESTATE
BROKER IS AFFILIATED.

SUBCOMMITTEE COMMENT: This subsection is new language
derived without substantive change from the first
through third clauses of former Art. 56, § 212(a-l) .

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