WILLIAM DONALD SCHAEFER, Governor

Ch. 3

(II)  A STATEMENT THAT THE NAMED INDIVIDUAL HAS
BEEN DESIGNATED AS THE BROKER OF THE FIRM;

(III)  THE ADDRESS OF THE FIRM'S PRINCIPAL PLACE
OF BUSINESS AND OF EACH PROPOSED BRANCH OFFICE;

(IV)  ANY TRADE OR FICTITIOUS NAME THAT THE FIRM
INTENDS TO USE WHILE CONDUCTING THE BUSINESS OF THE FIRM;

(V)  A LIST OF ALL THE LICENSED ASSOCIATE REAL
ESTATE BROKERS AND LICENSED REAL ESTATE SALESPERSONS WHO WILL BE
AFFILIATED WITH THE BROKER OF THE FIRM; AND

(VI)  ANY OTHER INFORMATION THAT THE COMMISSION
MAY REQUIRE BY REGULATION.

(2) THE COMMISSION MAY SET BY REGULATION PROCEDURES
FOR MAINTAINING CURRENT INFORMATION ABOUT ANY CORPORATION OR
PARTNERSHIP THROUGH WHICH REAL ESTATE BROKERAGE SERVICES ARE
PROVIDED.

(D)  INDIVIDUAL LICENSES REQUIRED.

(1)  AN INDIVIDUAL MAY PROVIDE REAL ESTATE BROKERAGE
SERVICES THROUGH A FIRM ONLY IF:

(I)  THE INDIVIDUAL IS THE LICENSED REAL ESTATE
BROKER WHO HAS BEEN DESIGNATED AS THE BROKER OF THE FIRM; OR

(II)  THE INDIVIDUAL:

1.   IS LICENSED AS AN ASSOCIATE REAL
ESTATE BROKER OR REAL ESTATE SALESPERSON TO PROVIDE REAL ESTATE
BROKERAGE SERVICES ON BEHALF OF THE BROKER OF THE FIRM; AND

2.  CONTINUES TO BE AFFILIATED WITH THE
BROKER OF THE FIRM.

(2)  THIS SUBSECTION APPLIES REGARDLESS OF WHETHER THE
INDIVIDUAL IS ASSOCIATED WITH THE FIRM AS A PARTNER, OFFICER, OR
SHAREHOLDER OR IN ANY OTHER CAPACITY.

(E)  APPLICATION OF TITLE.

AN INDIVIDUAL WHO SERVES AS A BROKER OF THE FIRM UNDER THIS
SECTION SHALL BE RESPONSIBLE FOR THE PROVISION OF REAL ESTATE
BROKERAGE SERVICES THROUGH THE FIRM AND IS SUBJECT TO ALL OF THE
PROVISIONS OF THIS TITLE REGARDING THOSE SERVICES.

(F)  LIABILITY NOT AFFECTED.

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