WILLIAM DONALD SCHAEFER, Governor

Ch. 563

otherwise" for brevity and to conform to terminology
used throughout this title.

In subsection (d)(3) of this section, new language is
added to state expressly that which was only implied
in the former law — i.e., that if the affiliation
between a real estate broker and a real estate
salesperson or an associate real estate broker
terminates, the real estate broker shall surrender the
license certificate of the salesperson or associate
broker to the Commission.

The fifth sentence of former Art. 56, § 222(b), which
provided that it was unlawful for a real estate
salesperson to provide real estate brokerage services
while not being affiliated with a licensed real estate
broker, is deleted as unnecessary. Under this revised
section, it is clear that when the affiliation of a
real estate salesperson or associate broker
terminates, the license of that individual is placed
on inactive status. It also is clear under § 4-316 of
this subtitle that an individual may not provide real
estate brokerage services while on inactive status.

Defined terms: "Affiliate" § 4-101
"Associate real estate broker" § 4-101
"Commission" § 4-101

"Licensed associate real estate broker" § 4-101
"Licensed real estate broker" § 4-101
"Licensed real estate salesperson" § 4-101
"Provide real estate brokerage services" § 4-101
"Real estate broker" § 4-101
"Real estate salesperson" § 4-101

4-321. PRACTICE THROUGH CORPORATIONS OR PARTNERSHIPS AUTHORIZED.

(A)  IN GENERAL.

SUBJECT TO THE PROVISIONS OF THIS SECTION, A LICENSED REAL
ESTATE BROKER MAY PROVIDE REAL ESTATE BROKERAGE SERVICES THROUGH
A CORPORATION OR PARTNERSHIP.

(B)  QUALIFICATIONS.

TO QUALIFY TO PROVIDE REAL ESTATE BROKERAGE SERVICES THROUGH
A CORPORATION OR PARTNERSHIP, THE LICENSED REAL ESTATE BROKER:

(1)  SHALL BE EMPLOYED BY OR HAVE ANOTHER CONTRACTUAL
RELATIONSHIP WITH THE CORPORATION OR THE PARTNERSHIP;

(2)  SHALL HAVE BEEN DESIGNATED BY THE CORPORATION OR
PARTNERSHIP AS THE BROKER OF THE FIRM, TO BE INDIVIDUALLY

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