1182 ARTICLE 4.

The Proceeds of Property in excess of specific selling price authorized, belong to
the owner of the property and not to the broker, notwithstanding usage to the con-
trary. Newcomer v. Brooks, supra.

1888, ch. 495. P. L. L. (1888), Art. 4, sec. 659. 1918, ch. 493.

696. Any person, co-partnership or corporation who shall carry on the
business of real estate broker, or who shall undertake to act as such real
estate broker, by public advertisement, sign or otherwise, without such
license first obtained, or who shall use or attempt to use the license of
another with intent to evade the provisions of Sections 695 to 699B of this
article shall be deemed guilty of a misdemeanor, and on conviction there-
of, shall be subject to and pay a fine or penalty of not less than two
hundred ($200.00) dollars nor more than five hundred ($500.00) dollars
for each offense, one-half thereof for the use of the State, and the other
half thereof to be paid to the person that shall first prefer before the
grand jury the charge against such offender; and any person, co-partner-
ship or corporation, who shall directly or indirectly act as a real estate
broker, or shall undertake the buying or selling of ground rents or other
real estate, or of chattels real, or the leasing of real estate or chattels,
real, or the negotiation or sale of mortgage loans on real estate or chattels
real or the collection of rents for others with a view to reward or com-
pensation for such undertaking, shall be deemed to be carrying on the
business of real estate broker within the meaning of said sections and be
subject to the fines and penalties herein prescribed.

Coates v. Locust Point Co.. 102 Md. 291. Walker v. Baldwin & Frick, 103 Md. 352.

1888, ch. 496. P. L. L. (1888), Art. 4, sec. 660. 1918, ch. 493.

697. If any person who has obtained such license shall die, or shall
move from and cease to use and exercise the business of real estate broker
in the City of Baltimore before the expiration of the term in said license-
specified, the benefit of said license for the unexpired term shall issue to
and be continued in his legal representative or assignee, upon application
to the proper clerk for that purpose, accompanied by the oath of the
party applying, made before a Notary Public of this State, and endorsed
on said license that the person to whom said license was originally granted
is deceased, or has removed from and ceased to use or exercise the said
business in the said City.

1888, ch. 495. P. L. L. (1888), Art. 4, sec. 661. 1918, ch. 493.

698. Upon said application and affidavit the clerk shall, by his endorse-
ment on said license authorize such legal representative or assignee to
use or exercise the business of such real estate broker in said City for the
unexpired term in said license named.

1888, ch. 495. P. L. L. (1888), Art. 4, sec. 662. 1918, ch. 493.

699. No person, co-partnership, association or corporation, legal repre-
sentative or assignee shall use or occupy at the same time more than one
office or place of business for the transaction of his or their business as