Section 17-604 - Paying compensation. - Maryland Statutes

§ 17-604. Paying compensation.
 

(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. 
 

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