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Ch. 200 2006 LAWS OF MARYLAND
(B) WITHIN 1 YEAR AFTER SELLING ALL OF THE PROPERTY DESCRIBED IN
SUBSECTION (A)(2) OF THIS SECTION; AN INDIVIDUAL SHALL FILE A CHARTER
AMENDMENT STATING THAT THE ENTITY IS NO LONGER A FAMILY FARM.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved April 25, 2006.
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CHAPTER 200
(House Bill 1107)
AN ACT concerning
Real Estate Licenses - Reciprocity
FOR the purpose of authorizing the State Real Estate Commission to deny, suspend,
or revoke certain licenses or reprimand certain licensees under certain
circumstances; prohibiting the Commission from imposing a certain fine based
solely on a certain violation; authorizing the Commission to issue a reciprocal
license to certain persons holding a license to provide real estate brokerage
services in another state and whose principal place of business is outside the
State; authorizing the Commission to deny an application for a reciprocal license
under certain circumstances; prohibiting a real estate salesperson or associate
real estate broker holding a reciprocal license from conducting business in the
State except in affiliation with a real estate broker holding a standard or
reciprocal license; authorizing the implementation of written reciprocal
licensing agreements with the real estate licensing authorities of other states
under certain circumstances; exempting the holder of a reciprocal license from
certain requirements; prohibiting the holder of a reciprocal license from
becoming a member of the Commission; specifying that obtaining a reciprocal
license from the Commission constitutes sufficient contact with the State for the
exercise of personal jurisdiction by the Commission and the courts of the State
over the holder of the reciprocal license in certain actions; authorising the
Commission to take certain actions if a certain applicant or licensee has been
disciplined under a real estate licensing law of another jurisdiction; prohibiting
the Commission from imposing a fine based solely on a certain violation;
authorizing the Commission to deny an application for a reciprocal license under
certain circumstances; requiring a person that holds a reciprocal license to
provide certain notification to the Commission under certain circumstances;
requiring a person that holds a reciprocal license to obtain a standard license
under the licensing provisions of the Maryland Real Estate Brokers Act within a
certain time period under certain circumstances; authorizing a person that
holds a reciprocal license to renew the reciprocal license in accordance with
certain provisions of law; requiring an applicant to provide certain proof at the
time of application for renewal of a reciprocal license; requiring the Commission
to annually publish in the Maryland Register, and on the Internet, certain
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