Marvin Mandel, Governor                       1351

CHAPTER 441
(Senate Bill 670)

AN ACT to repeal and re-enact, with amendments, Section 224C AND
SECTION 225 (C) of Article 56 of the Annotated Code of Mary-
land (1972 Replacement Volume), title "Licenses," subtitle "Real
Estate Brokers," to amend the law relating to the temporary sus-
pension of a license by the Real Estate Commission. AND PRO-
VIDING FOR A CORPORATE BOND UPON APPEAL FROM
A DECISION OF THE REAL ESTATE COMMISSION.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 224C AND SECTION 225 (C) of Article 56 of the
Annotated Code of Maryland (1972 Replacement Volume), title "Li-
censes," subtitle "Real Estate Brokers," be and it is THEY ARE
hereby repealed and re-enacted, with amendments, to read as follows:

224C.

The Commission may temporarily suspend the license of any
[[broker] licensee who fails to promptly account for any funds held
in trust, or who fails to display all records, books and accounts of
such funds to the Commission upon demand. The suspension may
be immediate and shall continue until such time as the '[broker]
licensee agrees to comply with the order of the Commission or until
a determination is made pursuant to Section 225 of this article.

225.

(A) NOTICE AND HEARING; POWER TO ADMINISTER
OATHS, ETC.; RIGHT TO ATTENDANCE OF WITNESSES.—
THE COMMISSION SHALL, BEFORE DENYING AN APPLI-
CATION FOR LICENSE, OR BEFORE SUSPENDING OR RE-
VOKING ANY LICENSE, SET THE MATTER DOWN FOR A
HEARING BEFORE THE COMMISSION OR A REAL ESTATE
HEARING BOARD, AND AT LEAST TEN DAYS PRIOR TO THE
DATE SET FOR THE HEARING, IT SHALL NOTIFY IN WRIT-
ING THE APPLICANT, OR LICENSE HOLDER OF THE
CHARGES MADE, AND SHALL AFFORD SAID APPLICANT,
OR LICENSE HOLDER AN OPPORTUNITY TO BE HEARD IN
PERSON OR BY COUNSEL IN REFERENCE THERETO. PRO-
VIDED, HOWEVER, THAT IN CASES INVOLVING REVOCA-
TION OF THE LICENSE OF A NONRESIDENT OF THIS STATE
LICENSED UNDER THIS SUBTITLE BY THE REAL ESTATE
COMMISSION OF THE STATE OR DISTRICT IN WHICH
SUCH NONRESIDENT LICENSEE IS A RESIDENT, OR
WHERE THERE IS A CONVICTION BY A COURT OF COM-
PETENT JURISDICTION OF ANY LICENSEE UNDER THIS
SUBTITLE OF ANY ACT WHICH CONSTITUTES A VIOLA-
TION OF THIS SUBTITLE AND THE ORDER OF SUCH COM-
MISSION OR COURT OF COMPETENT JURISDICTION IS CER-
TIFIED TO THE COMMISSION, ANY REAL ESTATE LICENSE
MAY BE REVOKED BY THE COMMISSION WITHOUT ANY
HEARING WHATSOEVER. SUCH WRITTEN NOTICE MAY BE
SERVED BY DELIVERY OF SAME PERSONALLY TO THE
APPLICANT, OR LICENSE HOLDER, OR BY MAILING SAME