Section 339.2505 – Real Estate Broker’s License; Application; Contents; Execution of Application; Effect of Certain Convictions; Place of Business; Branch Office License; Signature; Proof; Examination; Experience.
339.2505 Real estate broker’s license; application; contents; execution of application; effect of certain convictions; place of business; branch office license; signature; proof; examination; experience. Sec. 2505. (1) An individual or business entity that is applying for a real estate broker’s license shall file an application with the department. All of the following apply to an […]
Section 339.2506 – Real Estate Broker, Associate Real Estate Broker, Associate Real Estate Broker, or Real Estate Salesperson; License and Pocket Card or Temporary License Required; Delivering or Mailing Real Estate Salesperson’s License to Broker; Custody and Control of License; Notice of Change of Location; Notice of Suspended or Revoked License; Forward of Pocket Card and License to Department; Transfer of License to New Real Estate Broker; Application.
339.2506 Real estate broker, associate real estate broker, associate real estate broker, or real estate salesperson; license and pocket card or temporary license required; delivering or mailing real estate salesperson’s license to broker; custody and control of license; notice of change of location; notice of suspended or revoked license; forward of pocket card and license […]
Section 339.2507 – Discharge or Termination of Real Estate Salesperson; Delivering or Mailing Salesperson’s License to Department; Application for Transfer of License; Communication; Performing Regulated Acts Without License Prohibited; Limitation.
339.2507 Discharge or termination of real estate salesperson; delivering or mailing salesperson’s license to department; application for transfer of license; communication; performing regulated acts without license prohibited; limitation. Sec. 2507. (1) If a real estate salesperson is discharged or terminates employment with a real estate broker by giving the employer a written notice of the […]
Section 339.2508 – Real Estate Broker’s License; Entities to Which Issued; Authorized Acts; Associate Real Estate Broker’s License; Transferability; Suspension; Issuance of New License; Death or Disability of Sole Principal Associate Broker.
339.2508 Real estate broker’s license; entities to which issued; authorized acts; associate real estate broker’s license; transferability; suspension; issuance of new license; death or disability of sole principal associate broker. Sec. 2508. (1) The department may issue a real estate broker’s license to an individual, sole proprietorship, partnership, association, corporation, limited liability company, common law […]
Section 339.2509 – Associate Real Estate Broker’s License; Issuance to Principal and Nonprincipal; Limitation.
339.2509 Associate real estate broker’s license; issuance to principal and nonprincipal; limitation. Sec. 2509. (1) The department may issue more than 1 associate real estate broker’s license to principals of a real estate broker. (2) An individual shall not hold more than 1 associate real estate broker’s license as a nonprincipal, but an individual may […]
Section 339.2510 – Real Estate Salesperson; Commission or Valuable Consideration.
339.2510 Real estate salesperson; commission or valuable consideration. Sec. 2510. (1) A real estate salesperson shall not accept a commission or valuable consideration for the performance of an act specified in this article from any person other than the real estate broker that employs the salesperson. (2) If an individual earned commissions or other income […]
Section 339.2501 – Definitions.
339.2501 Definitions. Sec. 2501. As used in this article: (a) “Associate broker” or “associate real estate broker” means an individual who meets the requirements for licensure as a real estate broker under this article and who is licensed as an associate real estate broker under section 2505 to provide real estate brokerage services as an […]
Section 339.2502 – Board of Real Estate Brokers and Salespersons; Creation.
339.2502 Board of real estate brokers and salespersons; creation. Sec. 2502. The board of real estate brokers and salespersons is created. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
Section 339.2502a – Real Estate Broker, Associate Real Estate Broker, and Real Estate Salesperson; License; Term; Renewal; Relicensure; Licensure Following Revocation.
339.2502a Real estate broker, associate real estate broker, and real estate salesperson; license; term; renewal; relicensure; licensure following revocation. Sec. 2502a. (1) The department by rule shall establish the term of the license cycle for a license for a real estate broker, associate real estate broker, and real estate salesperson granted under this article. The […]