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2006 LAWS OF MARYLAND
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Ch. 200
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(II) A SUMMARY OF THE TERMS OF EACH AGREEMENT LISTED
UNDER ITEM (I) OF THIS PARAGRAPH; AND
(2) (I) A LIST OF THE STATES THAT THE COMMISSION HAS
IDENTIFIED UNDER § 17-3A-08 § 17-3A-07 OF THIS SUBTITLE AS NOT OFFERING
SUBSTANTIALLY COMPARABLE RECIPROCAL LICENSURE OPPORTUNITIES; AND
(II) A DESCRIPTION OF THE ADDITIONAL REQUIREMENTS THE
COMMISSION DETERMINES ARE NECESSARY FOR APPLICANTS FROM OTHER STATES
TO COMPLY WITH THE REQUIREMENTS OF § 17-3A-08 § 17-3A-07 OF THIS SUBTITLE.
17-3A-10. 17-3A-09.
(A) A PERSON THAT HOLDS A RECIPROCAL LICENSE SHALL PROMPTLY
NOTIFY THE COMMISSION IF THE PERSON ESTABLISHES A PRINCIPAL PLACE OF
BUSINESS FOR THE PROVISION OF REAL ESTATE BROKERAGE SERVICES IN THE
STATE.
(B) ON RECEIPT OF NOTICE GIVEN BY THE COMMISSION, A RECIPROCAL
LICENSE MAY NOT BE RENEWED AND THE HOLDER OF A PERSON THAT HOLDS A
RECIPROCAL LICENSE SHALL BE REQUIRED TO OBTAIN A STANDARD LICENSE
UNDER THE LICENSING PROVISIONS OF THIS TITLE WITHIN 90 DAYS AFTER
ESTABLISHING A PRINCIPAL PLACE OF BUSINESS IN THE STATE.
17-3A-11. 17-3A-10.
(A) SUBJECT TO SUBSECTION (B) (C) OF THIS SECTION, THE HOLDER OF A
RECIPROCAL LICENSE HAS THE SAME RIGHTS AND RESPONSIBILITIES AS A PERSON
WHO HOLDS A COMPARABLE STANDARD LICENSE ISSUED UNDER THIS TITLE.
(B) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, A PERSON THAT
HOLDS A RECIPROCAL LICENSE ISSUED BY THE COMMISSION MAY RENEW THE
RECIPROCAL LICENSE IN ACCORDANCE WITH THE RENEWAL PROCEDURES FOR THE
COMPARABLE OR EQUIVALENT STANDARD LICENSE UNDER § 17-314 OF THIS TITLE.
(2) AT THE TIME OF APPLICATION FOR THE RENEWAL OF A RECIPROCAL
LICENSE, THE APPLICANT SHALL PROVIDE PROOF THAT THE APPLICANT:
(I) CONTINUES TO HOLD A CURRENT LICENSE IN THE STATE IN
WHICH THE APPLICANT'S PRINCIPAL PLACE OF BUSINESS IS LOCATED; AND
(II) IS NOT THE SUBJECT OF DISCIPLINE A DISCIPLINARY ACTION
OR A CURRENT INVESTIGATION OR PROCEEDING ALLEGING MISCONDUCT UNDER A
REAL ESTATE LICENSING LAW OF THE STATE IN WHICH THE APPLICANTS PRINCIPAL
PLACE OF BUSINESS IS LOCATED.
(B) (C) THE HOLDER OF A RECIPROCAL LICENSE IS:
(1) NOT ELIGIBLE TO BE A MEMBER OF THE COMMISSION;
(2) EXEMPT FROM THE REQUIREMENTS OF §§ 17-303, 17-304, 17-305, AND
17-315, 17-503, AND 17-517 OF THIS TITLE; AND
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