§ 17-538. Authorization to engage in a commercial real estate transaction; nonresident real estate salesperson

Latest version.

   (a) In general. -- Upon approval by the Commission, a nonresident real estate broker may engage in a transaction in this State with respect to commercial real estate.

(b) Nonresident real estate salesperson. -- A nonresident real estate salesperson licensed in another jurisdiction and affiliated with a nonresident real estate broker may engage in a transaction in this State with respect to commercial real estate if:

   (1) the nonresident real estate salesperson is licensed with and provides real estate brokerage services under the direct supervision of the nonresident real estate broker;

   (2) the nonresident real estate broker satisfies the requirements of § 17-537 of this subtitle; and

   (3) the nonresident real estate salesperson provides real estate brokerage services in the name of the nonresident real estate broker.

HISTORY: 2003, ch. 368.

                    
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