1. (a) A licensed real estate salesperson may transfer affiliation from a licensed real estate broker to another licensed real estate broker, if the real estate salesperson:

   1. (1) obtains, from the other licensed real estate broker, a commitment providing that, on cancellation of the current affiliation of the real estate salesperson and issuance of a new license certificate and pocket card to the real estate salesperson, the real estate salesperson shall become affiliated with the licensed real estate broker as a real estate salesperson; and
   2. (2) complies with the application procedures under subsection (c) of this section.

2. (b) A licensed associate real estate broker may transfer affiliation from a licensed real estate broker to another licensed real estate broker, if the associate real estate broker:

   1. (1) obtains, from the other licensed real estate broker, a commitment providing that, on cancellation of the current affiliation of the associate broker and issuance of a new license certificate and pocket card to the associate broker, the associate broker shall become affiliated with the licensed real estate broker as an associate real estate broker; and
   2. (2) complies with the application procedures under subsection (c) of this section.

3. (c) To transfer affiliation under this section, a qualified real estate salesperson or associate real estate broker shall:

   1. (1) surrender the license certificate and pocket card of the salesperson or associate broker to the Commission;
   2. (2) submit to the Commission a transfer application on the form that the Commission provides;

   3. (3) submit to the Commission:

      1. (i) acknowledgment from the licensed real estate broker with whom the salesperson or associate broker currently is affiliated that the affiliation is terminated; or
      2. (ii) a statement from the salesperson or associate broker that the current affiliation of the salesperson or associate broker is terminated;
   4. (4) submit to the Commission adequate evidence that the salesperson or associate broker has obtained, from a licensed real estate broker, a commitment providing that the salesperson or associate broker shall become affiliated with the licensed real estate broker as a real estate salesperson or an associate real estate broker on cancellation of the current affiliation of the salesperson or associate broker and issuance of a new license certificate and pocket card to the salesperson or associate broker; and
   5. (5) pay to the Commission a transfer fee set by the Commission.
4. (d) On compliance by the applicant with the procedures of subsection (c) of this section, the Commission shall issue a new license certificate and pocket card to each real estate salesperson and associate real estate broker who meets the applicable requirements under this subtitle.

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Renumbered from Business Occupations and Professions § 16-311 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2005, c. 399, § 1, eff. July 1, 2006.

Formerly Art. 56A, § 4-311.