Section 339.2509 - Associate real estate broker's license; issuance to principal and nonprincipal; limitation(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.Amended by 2016, Act 502,s 12, eff. 3/29/2017.1980, Act 299, Imd. Eff. 10/21/1980 ;--Am. 1988, Act 16, Imd. Eff. 2/18/1988.