1. 1. Designated broker The owner or a duly authorized agency official shall hold a Maine real estate broker license and be designated by the agency to act for it in the conduct of real estate brokerage.

   [PL 1987, c. 395, Pt. A, §212 (NEW).]

2. 2. Employees Every person employed by or on behalf of the agency in the performance of real estate brokerage shall be properly licensed under this chapter.

   [PL 1987, c. 395, Pt. A, §212 (NEW).]

3. 3. Reputation The agency and its owner or principal officers, if previously engaged in any business, shall bear a good reputation for honesty, truthfulness, fair dealing and competency.

   [PL 1987, c. 395, Pt. A, §212 (NEW).]

4. 4. Nonresidents The following applies to nonresidents.

   1. A. Nonresident applicants shall hold a similar license in good standing and maintain an active place of business in its resident jurisdiction.

      [PL 1987, c. 395, Pt. A, §212 (NEW).]

   2. B.

      [PL 2013, c. 217, Pt. K, §6 (RP).]

   [PL 2013, c. 217, Pt. K, §6 (AMD).]

5. 5. Place of business Every agency holding an active license shall maintain a fixed and definite place of business where its designated broker and employees may be personally contacted without unreasonable delay.

   [PL 1987, c. 395, Pt. A, §212 (NEW).]

6. 6. Branch office Other locations that are advertised as locations where the public may contact the agency or its employees concerning brokerage services must be licensed as a branch office.

   [PL 2011, c. 286, Pt. J, §1 (AMD).]

PL 1987, c. 395, §A212 (NEW). PL 1999, c. 129, §7 (AMD). PL 1999, c. 129, §16 (AFF). PL 2011, c. 286, Pt. J, §1 (AMD). PL 2013, c. 217, Pt. K, §6 (AMD).