§ 17-604. Paying compensation

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   (a) In general. -- Except as provided in subsection (b) of this section, a real estate broker, an associate real estate broker, or a real estate salesperson may not pay compensation, in any form, for the provision of real estate brokerage services to any person who is not licensed under this title.

(b) Exceptions. -- This section does not prohibit the payment of compensation to:

   (1) an individual:

      (i) who is licensed in another state; and

      (ii) who meets the requirements of § 17-513 of this title;

   (2) a professional service corporation formed under § 17-512 of this title; or

   (3) a limited liability company formed under § 17-512 of this title.

HISTORY: An. Code 1957, art. 56A, § 4-604; 1989, ch. 3, § 1; 1994, ch. 3, § 13; 2005, ch. 377.

                    
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