WILLIAM DONALD SCHAEFER, Governor

Ch. 3

There are no changes.

(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.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(b).

There are no changes.

Defined terms: "Provide real estate brokerage

services" § 16-101
"Real estate broker" § 16-101

(C)  ASSOCIATE REAL ESTATE BROKER.

"ASSOCIATE REAL ESTATE BROKER" MEANS AN INDIVIDUAL:

(1)  WHO MEETS THE REQUIREMENTS FOR A REAL ESTATE
BROKER LICENSE UNDER § 16-305 OF THIS TITLE BUT WHO APPLIES FOR
AND IS GRANTED AN ASSOCIATE REAL ESTATE BROKER LICENSE UNDER §§
16-307 AND 16-309 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.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(c).

In item (1) of this section, a cross-reference is
corrected.

The only other changes are in style.

Defined terms: "Affiliate" § 16-101

"License" § 16-101

"Licensed real estate broker" § 16-101

"Provide real estate brokerage services" § 16-101

"Real estate broker" § 16-101

(D)  COMMISSION.

"COMMISSION" MEANS THE STATE REAL ESTATE COMMISSION.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(d).

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