Maine Revised Statutes Title 32 Sec. 13198 – Real estate broker
Current as of: 2023 | Check for updates
|
Other versions
1. Definition. “Real estate broker” or “broker” means any person employed by or on behalf of an agency to perform brokerage and licensed by the commission as a broker.
[PL 1987, c. 395, Pt. A, §212 (NEW).]
Terms Used In Maine Revised Statutes Title 32 Sec. 13198
- 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
2. Professional qualifications. An applicant for a broker license must meet the qualifications under paragraphs A and B.
A. The applicant must have been licensed as an associate broker affiliated with a real estate brokerage agency for 2 years within the 5 years immediately preceding the date of application. [PL 2009, c. 112, Pt. A, §17 (RPR).]
B. The applicant must satisfactorily complete the course of study meeting guidelines established by the commission. [PL 2009, c. 112, Pt. A, §17 (RPR).]
[PL 2009, c. 112, Pt. A, §17 (RPR).]
3. Acts authorized. Each broker license granted entitles the holder to perform all of the acts contemplated under this chapter on behalf of an agency, including being designated by the agency to act for it.
[PL 2017, c. 210, Pt. F, §6 (AMD).]
SECTION HISTORY
PL 1987, c. 395, §A212 (NEW). PL 2007, c. 402, Pt. BB, §27 (AMD). PL 2009, c. 112, Pt. A, §17 (AMD). PL 2017, c. 210, Pt. F, §6 (AMD).