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ROBERT L. EHRLICH, JR., Governor S.B. 684
reciprocal license; defining certain terms; and generally relating to real estate
licenses.
BY repealing and reenacting, with amendments,
Article - Business Occupations and Professions
Section 17-322(b)(33) and (34) and (c)
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
BY adding to
Article — Business Occupations and Professions
Section 17-322(b)(35); and 17-3A-01 through 17-3A-11 17-3A-10, inclusive,
to be under the new subtitle "Subtitle 3A. Reciprocity"
Annotated Code of Maryland
(2004 Replacement Volume and 2005 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
17-322.
(b) Subject to the hearing provisions of § 17-324 of this subtitle, the
Commission may deny a license to any applicant, reprimand any licensee, or suspend
or revoke a license if the applicant or licensee:
(33) violates any regulation adopted under this title or any provision of
the code of ethics; [or]
(34) violates § 17-320(d) of this subtitle by failing as a branch office
manager to exercise reasonable and adequate supervision over the provision of real
estate brokerage services by any [sales agent] SALESPERSON or associate broker
registered with that office; OR
(35) HAS BEEN DISCIPLINED UNDER A REAL ESTATE LICENSING LAW OF
ANOTHER JURISDICTION.
(c) (1) Instead of or in addition to reprimanding a licensee or suspending or
revoking a license under this section, the Commission may impose a penalty not
exceeding $5,000 for each violation.
(2) To determine the amount of the penalty imposed, the Commission
shall consider:
(i) the seriousness of the violation;
(ii) the harm caused by the violation;
(iii) the good faith of the licensee; and
(iv) any history of previous violations by the licensee.
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