Chapter 114: REAL ESTATE BROKERAGE LICENSE ACT HEADING: PL 1987, C. 769, PT. A, §125 (RPR)
Subchapter 4: BROKERS, ASSOCIATE BROKERS, SALES AGENTS AND TIMESHARE AGENTS HEADING: PL 1987, C. 395, PT. A, §212 (NEW)
§13200. Real estate sales agent
1.Definition. "Real estate sales agent" or "sales agent" means any person employed by or on behalf of an agency to perform real estate
brokerage services in a training capacity and licensed by the commission as a sales agent.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
2.Professional qualification. Each applicant for a sales agent license must meet the following qualifications:
A. The applicant must satisfactorily complete a course of study meeting commission established guidelines; and [2005, c. 378, §11 (AMD); 2005, c. 378, §29 (AFF).]
B. The applicant must appear at such time and place as the director may designate for the purpose of a written sales agent
examination. [2005, c. 378, §11 (AMD); 2005, c. 378, §29 (AFF).]
[
2005, c. 378, §11 (AMD);
2005, c. 378, §29 (AFF)
.]
3.Acts authorized. Each sales agent license granted shall entitle the holder to perform all brokerage services contemplated by this chapter
which are specifically authorized by the designated broker and which are within the guidelines established by the commission
for sales agents.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
4.License term. Sales agent licenses shall be issued for 2 years and may not be renewed. A new sales agent license may not be reissued within
5 years following the date the previous sales agent license was issued.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
5.Waiver. The commission may grant waivers to allow individuals to remain licensed as sales agents beyond the 2-year term specified
in subsection 4. Waivers shall be granted on the basis of extenuating circumstances as defined by rules promulgated by the
commission.
[
1987, c. 395, Pt. A, §212 (NEW)
.]
SECTION HISTORY
1987, c. 395, §A212 (NEW).
2005, c. 378, §11 (AMD).
2005, c. 378, §29 (AFF).
Data for this page extracted on 11/16/2009 02:42:06.