Maine Revised Statutes Title 32 Sec. 13199 – Associate real estate broker
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1. Definition. “Associate real estate broker” or “associate broker” means any person employed by or on behalf of an agency to perform real estate brokerage services and licensed by the commission as an associate broker.
[PL 1987, c. 395, Pt. A, §212 (NEW).]
Terms Used In Maine Revised Statutes Title 32 Sec. 13199
- agency: means any person or entity engaged in real estate brokerage services through its designated broker, associates or employees and licensed by the commission as a real estate brokerage agency. See Maine Revised Statutes Title 32 Sec. 13171
- Commission: means the Real Estate Commission. See Maine Revised Statutes Title 32 Sec. 13001
- Real estate: means all estates and lesser interests in land and an existing business if real estate is a part of the business. See Maine Revised Statutes Title 32 Sec. 13001
- Real estate brokerage: means a single instance of offering, attempting to conduct or conducting services on behalf of another for compensation, or with the expectation of receiving compensation, calculated to result in the transfer of an interest in real estate. See Maine Revised Statutes Title 32 Sec. 13001
2. Professional qualifications.
[PL 2005, c. 378, §9 (RP); PL 2005, c. 378, §29 (AFF).]
2-A. Professional qualifications. An applicant for an associate broker license must have been licensed as a real estate sales agent affiliated with a real estate brokerage agency for 2 years within the 5 years immediately preceding the date of application and satisfactorily completed a course of study meeting guidelines established by the commission. The commission may not issue a license under this section until an individual has completed 2 years as a licensed real estate sales agent.
[PL 2009, c. 112, Pt. A, §18 (AMD).]
3. Acts authorized. Each associate broker license granted entitles the holder to perform all of the acts contemplated by this chapter on behalf of an agency.
[PL 2017, c. 210, Pt. F, §7 (AMD).]
SECTION HISTORY
PL 1987, c. 395, §A212 (NEW). PL 1997, c. 209, §3 (AMD). PL 1999, c. 129, §12 (AMD). PL 1999, c. 129, §16 (AFF). PL 2005, c. 378, §§9,10 (AMD). PL 2005, c. 378, §29 (AFF). PL 2007, c. 402, Pt. BB, §28 (AMD). PL 2009, c. 112, Pt. A, §18 (AMD). PL 2017, c. 210, Pt. F, §7 (AMD).