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Session Laws, 1981
Volume 741, Page 1746   View pdf image
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1746

LAWS OF MARYLAND

Ch. 370

(c) (1) The Commission may require all applicants for
a license under this subtitle to act as real estate broker
or as a real estate salesman, including members of
copartnerships and associations and officers of
corporations, to present reasonable proof [of graduation
from a recognized elementary school, or that they have, in
the judgment of the Commission, acquired comparable
educational qualifications through other sources and in
either event] that they are trustworthy and qualified to
perform the functions authorized by the license applied for,
and, when the application is for a license as a real estate
broker, including evidence that they have actively and
lawfully engaged, for no less than three years as a licensed
real estate salesman, in any of the activities defined in §
212 (a) and that they have successfully completed a course
of instruction approved by the Real Estate Commission, or
that they are duly qualified to practice law in this State.
All applicants for a license as a real estate broker under
this subtitle shall be required to pass a reasonable written
examination as to their qualifications to perform the
functions authorized under the license applied for and that
they possess adequate knowledge as to the general procedure
for handling real estate transactions, so as to properly
protect the interest of those whom they may represent in
such transactions. All persons who hold such a license
under the provisions of this subtitle on September 1, 1967,
shall be entitled to a renewal of their license upon
applying therefor and paying the prescribed fee, unless
their license has been suspended or revoked for cause as
provided in § 224 of this subtitle. Any licensed real
estate broker going into the armed services of his country
may designate his attorney, any adult member of his
immediate family, or any salesman licensed in his office to
supervise and carry on his business during the period of
such service, and that the license of any such broker shall
be renewed during such period on application by the person
so designated. Upon the death of any licensed broker, any
adult member of his family may carry on the business of the
deceased broker for the remainder of the license year or six
months, whichever is the longer period. On and after July
1, 1969, upon the death of any licensed broker, any one
member of his immediate family who has been licensed as a
real estate salesman for three years previously and
continuously, by application to the Real Estate Commission
and payment of the required fee shall be licensed as a real
estate broker after having passed the real estate brokers'
license examination, without the necessity of having
fulfilled the educational requirements before taking the
examination. Such license shall remain in force for a
period of four years during which the broker must fulfill
the educational requirements that were required at the time
of his examination. Failure to complete the educational
requirements will be cause for nonrenewal by the Commission.

SECTION 2... AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

 

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Session Laws, 1981
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