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Session Laws, 1989
Volume 771, Page 763   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                       Ch. 3

(1)  OBTAINS, FROM AN ADDITIONAL LICENSED REAL ESTATE
BROKER, A COMMITMENT PROVIDING THAT THE ASSOCIATE BROKER SHALL
BECOME AFFILIATED WITH THE BROKER AS AN ASSOCIATE REAL ESTATE
BROKER ON THE GRANTING OF AN ADDITIONAL ASSOCIATE REAL ESTATE
BROKER LICENSE TO THE ASSOCIATE BROKER;

(2)  GIVES EACH REAL ESTATE BROKER WITH WHOM THE
ASSOCIATE BROKER CURRENTLY IS AFFILIATED WRITTEN NOTICE THAT THE
ASSOCIATE BROKER INTENDS TO AFFILIATE WITH AN ADDITIONAL REAL
ESTATE BROKER; AND

(3)  COMPLIES WITH THE APPLICATION PROCEDURES UNDER
SUBSECTION (I) OF THIS SECTION.

(E)  ASSOCIATE BROKER OBTAINING SALESPERSON LICENSE.

A LICENSED ASSOCIATE REAL ESTATE BROKER MAY OBTAIN A REAL
ESTATE SALESPERSON LICENSE AND BECOME AFFILIATED WITH AN
ADDITIONAL LICENSED REAL ESTATE BROKER AS A REAL ESTATE
SALESPERSON, IF THE ASSOCIATE BROKER:

(1)  OBTAINS, FROM AN ADDITIONAL LICENSED REAL ESTATE
BROKER, A COMMITMENT PROVIDING THAT THE ASSOCIATE BROKER SHALL
BECOME AFFILIATED WITH THE BROKER AS A REAL ESTATE SALESPERSON ON
THE GRANTING OF A REAL ESTATE SALESPERSON LICENSE TO THE
ASSOCIATE BROKER;

(2)  GIVES EACH REAL ESTATE BROKER WITH WHOM THE
ASSOCIATE BROKER CURRENTLY IS AFFILIATED WRITTEN NOTICE THAT THE
ASSOCIATE BROKER INTENDS TO AFFILIATE WITH AN ADDITIONAL REAL
ESTATE BROKER; AND

(3)  COMPLIES WITH THE APPLICATION PROCEDURES UNDER
SUBSECTION (I) OF THIS SECTION.

(F)  ASSOCIATE BROKER OBTAINING BROKER LICENSE.

A LICENSED ASSOCIATE REAL ESTATE BROKER MAY OBTAIN A REAL
ESTATE BROKER LICENSE, IF THE ASSOCIATE BROKER:

(1)  GIVES EACH REAL ESTATE BROKER WITH WHOM THE
ASSOCIATE BROKER CURRENTLY IS AFFILIATED WRITTEN NOTICE THAT THE
ASSOCIATE BROKER INTENDS TO OBTAIN A REAL ESTATE BROKER LICENSE;
AND

(2)  COMPLIES WITH THE APPLICATION PROCEDURES UNDER
SUBSECTION (I) OF THIS SECTION.

(G)  BROKER OBTAINING SALESPERSON LICENSE.

A LICENSED REAL ESTATE BROKER MAY OBTAIN A REAL ESTATE
SALESPERSON LICENSE AND BECOME AFFILIATED WITH ANOTHER LICENSED
REAL ESTATE BROKER AS A REAL ESTATE SALESPERSON, IF THE BROKER:

- 763 -

 

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Session Laws, 1989
Volume 771, Page 763   View pdf image
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