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ROBERT L. EHRLICH, JR., Governor S.B. 384
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Senate Bill No. 384
AN ACT concerning
Licensed Real Estate Brokers - Branch Offices - Managers
FOR the purpose of establishing requirements for a licensed real estate salesperson to
qualify to be designated a branch office manager of a licensed real estate broker,
requiring a licensed real estate salesperson seeking to qualify as a branch office
manager to submit to the State Real Estate Commission a certain commitment
at a certain time; and generally relating to requirements for real estate broker
branch office managers.
BY repealing and reenacting, with amendments,
Article - Business Occupations and Professions
Section 17-618
Annotated Code of Maryland
(2004 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Business Occupations and Professions
17-618.
(a) Subject to the provisions of this subtitle, a licensed real estate broker may
maintain branch offices in the State.
(b) A licensed real estate broker shall obtain a branch office certificate before
the broker may maintain a branch office in the State.
(c) (1) An applicant for a branch office certificate shall:
(i) submit to the Commission an application on the form that the
Commission provides;
(ii) submit to the Commission written notice of the identity of the
individual appointed as manager of the branch office under subsection (d) of this
section; and
(iii) pay to the Commission an application fee of $5.
(2) The Commission shall issue a branch office certificate to each
licensed real estate broker who meets the requirements of this section.
(d) (1) Subject to paragraph (2) of this subsection, the licensed real estate
broker shall designate a manager for each branch office of the broker.
(2) The manager shall be:
(i) a licensed associate real estate broker; [or]
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