WILLIAM DONALD SCHAEFER, Governor

Ch. 3

(2)  SUBMIT TO THE COMMISSION A TRANSFER APPLICATION
ON THE FORM THAT THE COMMISSION PROVIDES;

(3)  SUBMIT TO THE COMMISSION:

(I)  ACKNOWLEDGMENT FROM THE LICENSED REAL
ESTATE BROKER WITH WHOM THE SALESPERSON OR ASSOCIATE BROKER
CURRENTLY IS AFFILIATED THAT THE AFFILIATION IS TERMINATED; OR

(II)  A STATEMENT FROM THE SALESPERSON OR
ASSOCIATE BROKER THAT THE CURRENT AFFILIATION OF THE SALESPERSON
OR ASSOCIATE BROKER IS TERMINATED;

(4)  SUBMIT TO THE COMMISSION ADEQUATE EVIDENCE THAT
THE SALESPERSON OR ASSOCIATE BROKER HAS OBTAINED, FROM A LICENSED
REAL ESTATE BROKER, A COMMITMENT PROVIDING THAT THE SALESPERSON
OR ASSOCIATE BROKER SHALL BECOME AFFILIATED WITH THE LICENSED
REAL ESTATE BROKER AS A REAL ESTATE SALESPERSON OR AN ASSOCIATE
REAL ESTATE BROKER ON CANCELLATION OF THE CURRENT AFFILIATION OF
THE SALESPERSON OR ASSOCIATE BROKER AND ISSUANCE OF A NEW LICENSE
CERTIFICATE AND POCKET CARD TO THE SALESPERSON OR ASSOCIATE
BROKER; AND

(5)  PAY TO THE COMMISSION A TRANSFER FEE OF $10.

(D) ISSUANCE OF LICENSE CERTIFICATE AND POCKET CARD.

ON COMPLIANCE BY THE APPLICANT WITH THE PROCEDURES OF
SUBSECTION (C) OF THIS SECTION, THE COMMISSION SHALL ISSUE A NEW
LICENSE CERTIFICATE AND POCKET CARD TO EACH REAL ESTATE
SALESPERSON AND ASSOCIATE REAL ESTATE BROKER WHO MEETS THE
APPLICABLE REQUIREMENTS UNDER THIS SUBTITLE.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-311.

The only changes are in style.

Defined terms: "Affiliate" § 16-101
"Associate real estate broker" § 16-101
"Commission" § 16-101

"Licensed associate real estate broker" § 16-101
"Licensed real estate broker" § 16-101
"Licensed real estate salesperson" § 16-101
"Real estate salesperson" § 16-101

EXCHANGE OF LICENSE.

EXCHANGE OF SALESPERSON LICENSE FOR ASSOCIATE BROKER

16-312.

(A)

LICENSE.

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