Maine Revised Statutes Title 32 Sec. 13180 – Termination of employment
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 32 Sec. 13180
- 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
When any broker, associate broker or real estate sales agent is discharged or terminates employment with a brokerage agency, the designated broker shall immediately send a communication to the last known address of the broker, associate broker or sales agent advising the broker, associate broker or sales agent that the commission has been notified. The designated broker shall deliver a copy of the communication to the commission. [PL 2017, c. 210, Pt. F, §2 (AMD).]
Upon receipt of the notice of termination by the licensee, the license is void and may only be reinstated or placed on inactive status after proper application and payment of the prescribed fee. It is unlawful for any broker, associate broker or real estate sales agent to perform any brokerage services without first receiving a new active license. [PL 2017, c. 210, Pt. F, §2 (AMD).]
SECTION HISTORY
PL 1987, c. 395, §A212 (NEW). PL 2017, c. 210, Pt. F, §2 (AMD).