HARRY HUGHES, Governor

1253

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 56 — Licenses

212,

(f) The terms "real estate broker" and "real estate
salesman" [shall] DO not include:

(1)    Receivers, trustees, administrators,
executors, guardians or other persons appointed by or acting
under the judgment or order of any court; nor

(2)    Public officers while performing their
official duties as such; nor

(3)    Any bank, trust company or mortgage loan
institution organized under the laws of this State or the
United States with respect to the management or sale of any
property acquired through or in connection with mortgage
foreclosures; nor

(4)    Owners or lessors of property in the
management and sale of such property unless their principal
and regular business is that of purchasing, selling,
exchanging or trading in real estate and options and leases
thereon; nor

(5)    Investment home builders with respect to
the sale or rental of houses constructed by them; nor

(6)    Attorneys at law who are not regularly
engaged in the real estate business and who do not hold
themselves out by sign, advertisement or otherwise as
offering to the general public the services authorized by
this subtitle to be performed by real estate brokers; nor

(7)    Any person holding in good faith a duly
executed power of attorney from the actual owner authorizing
the sale and conveyance or leasing of any real estate, where
only one such transaction is involved; nor

(8)    Any duly licensed auctioneer with respect
to the sale of real estate at public auction; NOR

           (9) RESIDENT MANAGERS OF APARTMENT BUILDINGS.

(9) DESIGNATED AGENTS OF OWNERS OR LESSORS OF
PROPERTY LICENSED REAL ESTATE BROKERS IN THE MANAGEMENT OF

SUCH PROPERTY__UNLESS THE DESIGNATED AGENT'S PRINCIPAL AND

REGULAR BUSINESS IS THAT OF PURCHASING, SELLING, EXCHANGING,
OR TRADING IN REAL ESTATE AND REAL ESTATE OPTIONS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.