Marvin Mandel, Governor 1739
217.
(c) The Commission shall have the power to require all appli-
cants for a license under this subtitle to act as real estate broker or
as a real estate salesman, including members of copartnerships and
associations and officers of corporations, to present reasonable proof
of graduation from a recognized elementary school, or that they
have, in the judgment of the Commission, acquired comparable edu-
cational qualifications through other sources and in either event
that they are trustworthy and qualified to perform the functions
authorized by the license applied for and, when, the application is
for a license as a real estate broker, including evidence that they
have had no less than three years' practical experience in selling real
estate as a licensed real estate salesman and that they have success-
fully completed a course of instruction approved by the Real Estate
Commission or that they are duly qualified to practice law in this
State. All applicants for a license as a real estate broker under this
subtitle shall be required to pass a reasonable written examination
as to their qualifications to perform the functions authorized under
the license applied for and that they possess adequate knowledge as
to the general procedure for handling real estate transactions so as
to properly protect the interest of those whom they may represent
in such transactions, provided that all persons who hold such a li-
cense under the provisions of this subtitle on September 1, 1967
shall be entitled to a renewal of their license upon applying therefor
and paying the prescribed fee unless their license shall have been
suspended or revoked for cause as provided in Section 224 of this
subtitle; and provided further that any licensed real estate broker
going into the armed services of his country shall have the right to
designate his attorney, any adult member of his immediate family
or any salesman licensed in his office to supervise and carry on his
business during the period of such service, and that the license of
any such broker shall be renewed during such period on application
by the person so designated and provided further that upon the
death of any licensed broker, any adult member of his family shall
have the right to carry on the business of the deceased broker for
the remainder of the license year or six months, whichever is the
longer period. On and after July 1, 1969, upon the death of any li-
censed broker, any ONE member of his immediate family who has
been licensed as a real estate salesman for five (5) years previously
and continuously, by application to the Real Estate Commission and
payment of the required fee shall be licensed as a real estate broker
without the necessity of further qualification. UNTIL TWO YEARS
FROM THE DATE OF ISSUANCE OF THE BROKER'S LI-
CENSE, AFTER HAVING PASSED THE REAL ESTATE
BROKERS LICENSE EXAMINATION WITHOUT THE NECES-
SITY OF HAVING FULFILLED THE EDUCATIONAL REQUIRE-
MENTS BEFORE TAKING THE EXAMINATION. SUCH LI-
CENSE SHALL REMAIN IN FORCE FOR A PERIOD OF FOUR
(4) YEARS DURING WHICH THE BROKER MUST FULFILL
THE EDUCATIONAL REQUIREMENTS THAT WERE RE-
QUIRED AT THE TIME OF HIS EXAMINATION. FAILURE TO
COMPLETE THE EDUCATIONAL REQUIREMENTS WILL BE
CAUSE FOR NON-RENEWAL BY THE COMMISSION.
From and after September 1, 1967, all applicants for a license as
a real estate salesman under this subtitle shall be required to pass a
State Real Estate Commission's qualifying examination after which
|
|