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

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

(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. 
 

[2003, ch. 368.]