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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
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.
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.
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.
B. Repealed. Laws 2013, c. 217, § K-6, eff. Oct. 9, 2013.
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.
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.
Cite this article: FindLaw.com - Maine Revised Statutes Title 32. Professions and Occupations § 13173. Agency license qualifications - last updated January 01, 2025 | https://codes.findlaw.com/me/title-32-professions-and-occupations/me-rev-st-tit-32-sect-13173/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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