Authorization to engage in a commercial real estate transaction; nonresident real estate salesperson

Checkout our iOS App for a better way to browser and research.

    (a)    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)    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.


Download our app to see the most-to-date content.