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Ch. 188
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2006 LAWS OF MARYLAND
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Article - Business Occupations and Professions
17-518.
(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]
(ii) a licensed real estate salesperson who has at least 3 years'
experience providing real estate brokerage services; OR
(III) A LICENSED REAL ESTATE SALESPERSON WHO:
1. HAS COMPLETED SUCCESSFULLY A COURSE IN REAL
ESTATE APPROVED BY THE COMMISSION FOR REAL ESTATE BROKERS; AND
2. HAS PASSED THE REAL ESTATE BROKER'S EXAMINATION
GIVEN BY THE COMMISSION UNDER § 17-306 OF THIS TITLE.
(3) A LICENSED REAL ESTATE SALESPERSON SEEKING TO QUALIFY AS A
BRANCH OFFICE MANAGER UNDER PARAGRAPH (2)(III) OF THIS SUBSECTION SHALL
SUBMIT TO THE COMMISSION, BEFORE TAKING THE REAL ESTATE BROKER'S
EXAMINATION, A COMMITMENT FROM THE LICENSED REAL ESTATE BROKER
PROPOSING TO ENGAGE THE SALESPERSON AS A BRANCH OFFICE MANAGER
[(3)] (4) The manager shall have the responsibility to supervise the
provision of real estate brokerage services by the associate brokers and sales agents
registered to that office as provided for in § 17-320 of this title.
(e) (1) Unless a branch office certificate is renewed for a 2-year term as
provided in this subsection, the certificate expires on the first April 30 that comes:
- 902 -
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