(a) This section applies to a real estate broker who purchases errors and omissions insurance that provides coverage to the associate real estate brokers and the real estate salespersons who are affiliated with or employed by the real estate broker.
(b) A real estate broker shall provide immediate notice of a discontinuance of the broker’s errors and omissions insurance to those associate real estate brokers and real estate salespersons who were covered under the broker’s policy.
Structure Maryland Statutes
Business Occupations and Professions
Title 17 - Real Estate Brokers
Subtitle 5 - Miscellaneous Provisions
Part II - General Miscellaneous Provisions
Section 17-511 - Limitation on Interest in Business by Associate Brokers and Salespersons
Section 17-512 - Formation of Various Business Entities by Salespersons and Associate Brokers
Section 17-513 - Division of Fees With Individual Licensed in Another State
Section 17-514 - Service of Process on and Venue for Nonresident Licensees
Section 17-515 - Implied Consent
Section 17-516 - Actions for Compensation for Providing Real Estate Brokerage Services
Section 17-518 - Branch Offices
Section 17-520 - Change in Location of Office
Section 17-521 - Dishonored Checks
Section 17-522 - Real Estate Conservation Areas
Section 17-523 - Notice About Taxes
Section 17-524 - Notice of Buyer's Right of Selection
Section 17-525 - Discriminatory Real Estate Practices in Baltimore City
Section 17-526 - Discriminatory Real Estate Practices in Montgomery County
Section 17-527 - Solicitation of Listings in Baltimore City and Baltimore County
Section 17-527.1 - Cessation of Errors and Omissions Insurance
Section 17-527.2 - Use of Trade Names by Real Estate Brokers and Salespersons -- Advertisements
Section 17-527.4 - Verification of Service Provider Licensing Status