R162-2f-202d. Property Management Sales Agent Licensing Fees and Procedures

  (1) A sales agent affiliated with a dual broker through a property management company may act as a property management sales agent if:

  (a) the dual broker designates the sales agent as a property management sales agent, and

  (b) the sales agent pays to the division the property management sales agent designation fee.

  (2) A property management sales agent may simultaneously provide both property management services and real estate sales services under the supervision of the dual broker if the property management sales agent:

  (a) provides property management services only through the property management company overseen by the dual broker, and

  (b) provides real estate sales services only through the real estate brokerage overseen by the dual broker.

  (3) Before a property management sales agent may affiliate with another principal broker who is not a dual broker or with a dual broker who does not approve of the property management sales agent designation, the property management sales agent shall pay the additional fee to remove the property management sales agent designation.