1. (a) Upon approval by the Commission, a nonresident real estate broker may engage in a transaction in this State with respect to commercial real estate.

2. (b) A nonresident real estate salesperson licensed in another jurisdiction and affiliated with a nonresident real estate broker may engage in a transaction in this State with respect to commercial real estate if:

   1. (1) the nonresident real estate salesperson is licensed with and provides real estate brokerage services under the direct supervision of the nonresident real estate broker;
   2. (2) the nonresident real estate broker satisfies the requirements of § 17-537 of this subtitle; and
   3. (3) the nonresident real estate salesperson provides real estate brokerage services in the name of the nonresident real estate broker.

Added by Acts 2003, c. 368, § 1, eff. Oct. 1, 2003.