Michigan Compiled Laws
Article 25 - (339.2501...339.2518)
Section 339.2509 - Associate Real Estate Broker's License; Issuance to Principal and Nonprincipal; Limitation.

Sec. 2509.
(1) The department may issue more than 1 associate real estate broker's license to principals of a real estate broker.
(2) An individual shall not hold more than 1 associate real estate broker's license as a nonprincipal, but an individual may hold 1 or more associate real estate broker's licenses as a principal.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1988, Act 16, Imd. Eff. Feb. 18, 1988 ;-- Am. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 339 - Occupational Code

Act 299 of 1980 - Occupational Code (339.101 - 339.2919)

Article 25 - (339.2501...339.2518)

Section 339.2501 - Definitions.

Section 339.2502 - Board of Real Estate Brokers and Salespersons; Creation.

Section 339.2502a - Real Estate Broker, Associate Real Estate Broker, and Real Estate Salesperson; License; Term; Renewal; Relicensure; Licensure Following Revocation.

Section 339.2502b - Owner of Real Estate Engaging in Sale of Real Estate as Principal Vocation; License as Real Estate Broker Required.

Section 339.2503 - Exemptions.

Section 339.2504 - Real Estate Broker's License; Prelicensure Classroom Courses; Suspension or Revocation of Approval; Prohibited Representations; Conduct of Prelicensure Course; Violation of Subsection (4); Penalties; Real Estate Clinic, Meeting, Co...

Section 339.2504a - Continuing Education.

Section 339.2505 - Real Estate Broker's License; Application; Contents; Execution of Application; Effect of Certain Convictions; Place of Business; Branch Office License; Signature; Proof; Examination; Experience.

Section 339.2506 - Real Estate Broker, Associate Real Estate Broker, Associate Real Estate Broker, or Real Estate Salesperson; License and Pocket Card or Temporary License Required; Delivering or Mailing Real Estate Salesperson's License to Broker; C...

Section 339.2507 - Discharge or Termination of Real Estate Salesperson; Delivering or Mailing Salesperson's License to Department; Application for Transfer of License; Communication; Performing Regulated Acts Without License Prohibited; Limitation.

Section 339.2508 - Real Estate Broker's License; Entities to Which Issued; Authorized Acts; Associate Real Estate Broker's License; Transferability; Suspension; Issuance of New License; Death or Disability of Sole Principal Associate Broker.

Section 339.2509 - Associate Real Estate Broker's License; Issuance to Principal and Nonprincipal; Limitation.

Section 339.2510 - Real Estate Salesperson; Commission or Valuable Consideration.

Section 339.2511 - Plan or Scheme for Selling or Promoting Sale of Real Estate.

Section 339.2512 - Prohibited Conduct; Penalties; Filing Complaint Under Article 5.

Section 339.2512a - Action for Collection of Compensation for Performance of Act or Contract; Allegation and Proof.

Section 339.2512b - Actions Not Constituting Participation in Real Estate Transaction or in Payment of Real Estate Commissions.

Section 339.2512c - Property Management Performed by Real Estate Broker.

Section 339.2512d - Service Provision Agreement; Duties; Services; Misleading Public Prohibited; Waiver of Services in Limited Service Agreement.

Section 339.2512e - Advertisement.

Section 339.2512f - Supervision of Real Estate Salesperson.

Section 339.2513 - Filing Bond or Posting Cash Deposit as Condition Precedent to Issuance of License or Removal of Suspension; Action by Injured Person.

Section 339.2514 - Real Estate Broker or Real Estate Salesperson; Nonresident Applicant; Consent to Service of Process; Application; Disposition of Process or Pleading.

Section 339.2515 - Listing Agreement; Discrimination Prohibited; Burden of Proof; Legal and Equitable Remedies.

Section 339.2516 - Interest in Real Property; Acquisition by Licensee; Proof of Disclosures and Consents.

Section 339.2516a - Inspection of Document or Record by Representative of Department.

Section 339.2516b - Rescission of Rules.

Section 339.2517 - Disclosure of Agency Relationship.

Section 339.2518 - Prohibited Actions.