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 hold 1 or more associate real estate broker’s licenses as a principal.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;– Am. 1988, Act 16, Imd. Eff. Feb. 18, 1988 ;– Am. 2016, Act 502, Eff. Mar. 29, 2017
Popular Name: Act 299