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