Ch. 3

LAWS OF MARYLAND

(3)  IF EXCHANGING A REAL ESTATE SALESPERSON LICENSE
OR AN ASSOCIATE REAL ESTATE BROKER LICENSE FOR ANOTHER LICENSE,
SUBMIT TO THE COMMISSION:

(I)  ACKNOWLEDGMENT FROM THE LICENSED REAL
ESTATE BROKER WITH WHOM THE LICENSEE CURRENTLY IS AFFILIATED THAT
THE AFFILIATION IS TERMINATED; OR

(II)  A STATEMENT FROM THE LICENSEE THAT THE
CURRENT AFFILIATION OF THE LICENSEE IS TERMINATED;

(4)  IF EXCHANGING A LICENSE FOR A REAL ESTATE
SALESPERSON LICENSE OR AN ASSOCIATE REAL ESTATE BROKER LICENSE,
SUBMIT TO THE COMMISSION ADEQUATE EVIDENCE THAT THE LICENSEE HAS
OBTAINED, FROM A LICENSED REAL ESTATE BROKER, A COMMITMENT
PROVIDING THAT THE LICENSEE SHALL BECOME AFFILIATED WITH THE
BROKER AS A REAL ESTATE SALESPERSON OR AN ASSOCIATE REAL ESTATE
BROKER ON THE GRANTING OF A NEW LICENSE TO THE LICENSEE;

(5)  PAY TO THE COMMISSION AN APPLICATION FEE OF:

(I)  $80 FOR A REAL ESTATE BROKER LICENSE;

(II)  $50 FOR AN ASSOCIATE REAL ESTATE BROKER

LICENSE; OR

LICENSE; AND

(III) $30 FOR A REAL ESTATE SALESPERSON

(6) SUBMIT TO THE COMMISSION ANY ADDITIONAL
INFORMATION OR DOCUMENTATION THAT THE COMMISSION REQUIRES.

(H) GRANTING OF LICENSE.

ON COMPLIANCE BY THE APPLICANT WITH THE PROCEDURES OF THIS
SECTION, THE COMMISSION SHALL CANCEL THE CURRENT LICENSE OF AND
GRANT AN APPROPRIATE NEW LICENSE TO EACH INDIVIDUAL WHO MEETS THE
APPLICABLE REQUIREMENTS UNDER THIS SUBTITLE.

(I) ISSUANCE OF LICENSE CERTIFICATE AND POCKET CARD.

THE COMMISSION SHALL ISSUE AN APPROPRIATE LICENSE
CERTIFICATE AND POCKET CARD TO EACH INDIVIDUAL WHO HAS BEEN
GRANTED A LICENSE UNDER SUBSECTION (H) OF THIS SECTION.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-312.

The only changes are in style.

Defined terms: "Affiliate" § 16-101
"Associate real estate broker"' § 16-101
"Commission" § 16-101 "License" § 16-101

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