clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1988
Volume 770, Page 3813   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

WILLIAM DONALD SCHAEFER, Governor Ch. 563

individual may qualify for the license of a deceased
real estate broker by meeting certain requirements is
deleted as obsolete.

Defined terms: "Commission" § 4-101

"License" § 4-101

"Licensed real estate broker" § 4-101

"Real estate broker" § 4-101

"Real estate salesperson" § 4-101

4-320. EMPLOYMENT OF AND CONTRACTUAL ARRANGEMENTS WITH
SALESPERSONS AND ASSOCIATE BROKERS.

(A)  IN GENERAL.

(1)  SUBJECT TO THE PROVISIONS OF THIS SECTION, A
LICENSED REAL ESTATE BROKER MAY UTILIZE AS AN INDEPENDENT
CONTRACTOR, EMPLOY, OR OTHERWISE CONTRACT WITH A LICENSED REAL
ESTATE SALESPERSON OR A LICENSED ASSOCIATE REAL ESTATE BROKER TO
PROVIDE REAL ESTATE BROKERAGE SERVICES ON BEHALF OF THE REAL
ESTATE BROKER.

(2)  A REAL ESTATE BROKER MAY NOT PROVIDE REAL ESTATE
BROKERAGE SERVICES THROUGH ANY OTHER INDIVIDUAL UNLESS THE
INDIVIDUAL IS LICENSED AS AN ASSOCIATE REAL ESTATE BROKER OR REAL
ESTATE SALESPERSON TO PROVIDE REAL ESTATE BROKERAGE SERVICES ON
BEHALF OF THE REAL ESTATE BROKER.

(B)  LEGAL STATUS.

ANY INDIVIDUAL, INCLUDING A LICENSED ASSOCIATE REAL ESTATE
BROKER, WHO PROVIDES REAL ESTATE BROKERAGE SERVICES ON BEHALF OF
A REAL ESTATE BROKER SHALL BE CONSIDERED A REAL ESTATE
SALESPERSON WITH RESPECT TO THE PROVISION OF THOSE SERVICES.

(C)  SUPERVISION BY REAL ESTATE BROKER.

(1)  A REAL ESTATE BROKER SHALL EXERCISE REASONABLE
AND ADEQUATE SUPERVISION OVER THE PROVISION OF REAL ESTATE
BROKERAGE SERVICES BY ANY OTHER INDIVIDUAL, INCLUDING AN
INDEPENDENT CONTRACTOR, ON BEHALF OF THE BROKER.

(2)  THE REQUIREMENT OF PARAGRAPH (1) OF THIS
SUBSECTION APPLIES REGARDLESS OF THE MANNER IN WHICH THE
INDIVIDUAL WHO PROVIDES THE SERVICES IS AFFILIATED WITH THE REAL
ESTATE BROKER ON WHOSE BEHALF THE SERVICES ARE PROVIDED.

(D)  TERMINATION OF AFFILIATION.

IF THE AFFILIATION BETWEEN A REAL ESTATE BROKER AND A REAL
ESTATE SALESPERSON OR AN ASSOCIATE REAL ESTATE BROKER TERMINATES,
THE REAL ESTATE BROKER IMMEDIATELY SHALL:

- 3813 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1988
Volume 770, Page 3813   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives