WILLIAM DONALD SCHAEFER, Governor

Ch. 3

Defined terms: "Affiliate" § 16-101
"Licensed associate real estate broker" § 16-101
"Licensed real estate broker" § 16-101
"Licensed real estate salesperson" § 16-101

16-513. DIVISION OF FEES WITH INDIVIDUAL LICENSED IN ANOTHER
STATE.

AN INDIVIDUAL LICENSED BY THIS STATE MAY DIVIDE A FEE THAT
IS EARNED ON A REAL ESTATE TRANSACTION IN THIS STATE WITH AN
INDIVIDUAL LICENSED TO PROVIDE REAL ESTATE BROKERAGE SERVICES IN
ANOTHER STATE IF THE OTHER STATE ALLOWS A FEE THAT IS EARNED ON A
REAL ESTATE TRANSACTION IN THAT STATE TO BE DIVIDED WITH AN
INDIVIDUAL LICENSED BY THIS STATE.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-513.

The only changes are in style.

Defined terms: "Provide real estate brokerage

services" § 16-101
"Real estate" § 16-101 "State" § 1-101

16-514. SERVICE OF PROCESS ON AND VENUE FOR NONRESIDENT
LICENSEES.

(A)  CONSENT REQUIRED.

A NONRESIDENT APPLICANT FOR A LICENSE SHALL SUBMIT TO THE
COMMISSION AN IRREVOCABLE CONSENT, AS PROVIDED UNDER THIS
SECTION.

(B)  CONTENTS OF CONSENT.

THE CONSENT REQUIRED UNDER THIS SECTION SHALL:

(1)  SPECIFY THAT SERVICE OF PROCESS ON THE EXECUTIVE
DIRECTOR OF THE COMMISSION SHALL BIND THE APPLICANT IN ANY
ACTION, SUIT, OR PROCEEDING BROUGHT AGAINST THE APPLICANT;

(2)  SPECIFY THAT AN ACTION, SUIT, OR PROCEEDING MAY
BE BROUGHT AGAINST THE APPLICANT IN ANY COUNTY IN WHICH:

(I)  THE CAUSE OF ACTION AROSE; OR

(II)  THE PLAINTIFF RESIDES;

(3)  SPECIFY THAT THE CONSENT IS IRREVOCABLE; AND

(4)  BE SIGNED BY THE APPLICANT.

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