Current with changes from the 2024 Legislative Session
Section 17-538 - Authorization to engage in a commercial real estate transaction; nonresident real estate salesperson(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.