Chapter 114: REAL ESTATE BROKERAGE LICENSE ACT HEADING: PL 1987, C. 769, PT. A, §125 (RPR)
Subchapter 3: REAL ESTATE BROKERAGE AGENCY HEADING: PL 1987, C. 395, PT. A, §212 (NEW)
§13173. Agency license qualifications
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.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
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.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
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.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
4.Nonresidents.
The following applies to nonresidents.
A. Nonresident applicants shall hold a similar license in good standing and maintain an active place of business in its resident
jurisdiction. [1987, c. 395, Pt. A, §212 (NEW).]
B. Nonresident agency applicants shall file an irrevocable consent that actions may be commenced against the applicant in the
proper court of any county of this State in which a cause of action may arise or in which the plaintiff may reside, by the
service of any process or pleading authorized by the laws of the State on the director of the commission. The consent shall
stipulate and agree that service of the process or pleading on the director shall be taken and held in all courts to be as
valid and binding as if due service had been made upon the applicant personally within this State. The instrument containing
the consent shall be authenticated by the seal of the corporation or by the acknowledged signature of the member or officer
of the corporation, if otherwise. All applications, when applicable, shall include a duly certified copy of the resolution
of proper officers or managing board authorizing the proper officer to execute the resolution. In case any process or pleadings
mentioned in the case are served upon the director, it shall be by duplicate copies, one of which shall be filed in the office
of the commission and the other immediately forwarded by certified mail to the main office of the applicant against whom the
process or pleadings are directed. [1987, c. 395, Pt. A, §212 (NEW).]
[
1987, c. 395, Pt. A, §212 (NEW)
.]
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.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
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.
[
2011, c. 286, Pt. J, §1 (AMD)
.]
SECTION HISTORY
1987, c. 395, §A212 (NEW).
1999, c. 129, §16 (AFF).
1999, c. 129, §7 (AMD).
2011, c. 286, Pt. J, §1 (AMD).
Data for this page extracted on 10/16/2012 08:28:06.