§ 17-3A-10. Rights and responsibilities of holder of license.

   (a) In general. -- Subject to subsection (c) of this section, the holder of a reciprocal license has the same rights and responsibilities as a person who holds a comparable standard license issued under this title.

(b) Renewal. --

   (1) Subject to paragraph (2) of this subsection, a person that holds a reciprocal license issued by the Commission may renew the reciprocal license in accordance with the renewal procedures for the comparable or equivalent standard license under § 17-314 of this title.

   (2) At the time of application for the renewal of a reciprocal license, the applicant shall provide proof that the applicant:

      (i) continues to hold a current license in the state in which the applicant's principal place of business is located; and

      (ii) is not the subject of a disciplinary action or a current investigation or proceeding alleging misconduct under a real estate licensing law of the state in which the applicant's principal place of business is located.

(c) Limitations and exemptions. -- The holder of a reciprocal license is:

   (1) not eligible to be a member of the Commission;

   (2) exempt from the requirements of § 17-303, 17-304, 17-305, 17-315, 17-503, and 17-517 of this title; and

   (3) exempt from having to pass an examination required for a comparable standard license.

HISTORY: 2006, ch. 200.