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Code · Maryland · Business Occupations and Professions

§ 17-311

428 words·~2 min read·/md/business-occupations-and-professions/17-311·

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§17–311.
(a)A licensed real estate salesperson may transfer affiliation from a licensed real estate broker to another licensed real estate broker, if the real estate salesperson:
(1)obtains, from the other licensed real estate broker, a commitment providing that, on cancellation of the current affiliation of the real estate salesperson and issuance of a new license certificate and pocket card to the real estate salesperson, the real estate salesperson shall become affiliated with the licensed real estate broker as a real estate salesperson; and
(2)complies with the application procedures under subsection
(c)of this section.
(b)A licensed associate real estate broker may transfer affiliation from a licensed real estate broker to another licensed real estate broker, if the associate real estate broker:
(1)obtains, from the other licensed real estate broker, a commitment providing that, on cancellation of the current affiliation of the associate broker and issuance of a new license certificate and pocket card to the associate broker, the associate broker shall become affiliated with the licensed real estate broker as an associate real estate broker; and
(2)complies with the application procedures under subsection
(c)of this section.
(c)To transfer affiliation under this section, a qualified real estate salesperson or associate real estate broker shall:
(1)surrender the license certificate and pocket card of the salesperson or associate broker to the Commission;
(2)submit to the Commission a transfer application on the form that the Commission provides;
(3)submit to the Commission:
(i)acknowledgment from the licensed real estate broker with whom the salesperson or associate broker currently is affiliated that the affiliation is terminated; or
(ii)a statement from the salesperson or associate broker that the current affiliation of the salesperson or associate broker is terminated;
(4)submit to the Commission adequate evidence that the salesperson or associate broker has obtained, from a licensed real estate broker, a commitment providing that the salesperson or associate broker shall become affiliated with the licensed real estate broker as a real estate salesperson or an associate real estate broker on cancellation of the current affiliation of the salesperson or associate broker and issuance of a new license certificate and pocket card to the salesperson or associate broker; and
(5)pay to the Commission a transfer fee set by the Commission.
(d)On compliance by the applicant with the procedures of subsection
(c)of this section, the Commission shall issue a new license certificate and pocket card to each real estate salesperson and associate real estate broker who meets the applicable requirements under this subtitle.
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