(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.
Structure Maryland Statutes
Business Occupations and Professions
Title 17 - Real Estate Brokers
Section 17-301 - License Required
Section 17-302 - Sale of Property by Owner
Section 17-303 - Qualifications of Applicants for Real Estate Salesperson License
Section 17-304 - Qualifications of Applicants for Associate Real Estate Broker License
Section 17-305 - Qualifications of Applicants for Real Estate Broker License
Section 17-307 - Applications for Licenses
Section 17-308 - Waiver of Requirements
Section 17-310 - Scope of Licenses
Section 17-311 - Transfer of Affiliation
Section 17-312 - Exchange of License
Section 17-313 - Additional Licenses and Affiliations
Section 17-314 - Term and Renewal of Licenses
Section 17-315 - Continuing Education
Section 17-316 - Inactive Status
Section 17-317 - Display of License Certificates; Loss or Destruction of Certificate or Pocket Card
Section 17-318 - Change of Name of Licensee or Firm
Section 17-319 - Disability or Death of Real Estate Broker
Section 17-320 - Employment of and Contractual Arrangements With Salespersons and Associate Brokers
Section 17-321 - Practice Through Corporation, Limited Liability Company, or Partnership Authorized
Section 17-322 - Denials, Reprimands, Suspensions, Revocations, and Penalties -- Grounds
Section 17-322.1 - Failure to Disclose Certain Facts -- Disease, Death, Felony
Section 17-323 - Failure to Disclose Certain Facts -- Commencement of Proceedings
Section 17-324 - Failure to Disclose Certain Facts -- Hearings
Section 17-325 - Real Estate Hearing Board
Section 17-326 - Referral of Cases; Procedure Before Hearing Board
Section 17-327 - Summary Revocation of Licenses Based on Actions of Other Agencies
Section 17-328 - Summary Suspension of Licenses for Trust Fund Violations