Guaranty Fund of Maryland, which in essence bonds
all licensees (Code 1957, Art. 56, sees. 212-232).

REAL ESTATE HEARING BOARD

The Real Estate Hearing Board was originally
created by Chapter 89, Acts of 1968. The Real
Estate Commission of Maryland may appoint,
with the approval of the Secretary of Licensing
and Regulation, three of its members to sit as a
real estate hearing board. The Commission
designates one of its members as the chairperson
of the board, while all members of the Commis-
sion serve on this board on a rotating basis.

The Commission may refer charges or com-
plaints made by itself or other persons under the
provisions of Section 224 of Article 56 of the
Code to a real estate hearing board for hearings
on these matters. The board holds hearings on all
matters referred to it and submits its findings and
recommendations to the Commission. The exer-
cise or performance of all powers, authority,
duty, and functions vested in the Board by the
law are subject to the power and authority of the
Secretary of Licensing and Regulation as set forth
in Article 41 of the Code and elsewhere in the
laws of Maryland (Code 1957, Art. 56, sec.
224A).