2998                                          LAWS OF MARYLAND                                      Ch. 639

(2)  That business is conducted from a building that
is adequate and appropriate for the sale of the vehicles that may
be sold under the license; and

(3)  That business either:

(i) Maintains and operates an automotive repair
facility equipped for reasonably adequate and proper servicing of
the vehicles to be sold by it; or

(ii) Has an existing contract, approved by the

Administration, that requires the contractor to service, at a

reasonably convenient location, the vehicles to be sold by the
business.

(b) (1) As to trailers, semitrailers, or motorcycles, the
sale of these vehicles need not be the only or principal business
conducted from the fixed location, but shall be subject to any
reasonable location requirements determined by the Administration
by rule or regulation.

(2) A WHOLESALE DEALER MAY BE LICENSED UNDER THIS
SUBTITLE REGARDLESS OF WHETHER THE WHOLESALE DEALER MEETS THE
REQUIREMENTS OF PARAGRAPHS (A)(1) AND (3) OF THIS SECTION, BUT A
WHOLESALE DEALER SHALL BE SUBJECT TO ANY REASONABLE LOCATION
REQUIREMENTS DETERMINED BY THE ADMINISTRATION BY RULE OR
REGULATION.

15-305.1.

(A)  A WHOLESALE DEALER WHO IS LICENSED BY THE
ADMINISTRATION UNDER THIS SUBTITLE:

(1)  MAY BUY A VEHICLE FROM, SELL A VEHICLE TO, OR
EXCHANGE VEHICLES ONLY WITH ANOTHER DEALER OR AUTO AUCTION; AND

(2)  MAY NOT BUY A VEHICLE FROM BUY A VEHICLE FROM,
SELL A VEHICLE TO , ; OR EXCHANGE VEHICLES WITH A RETAIL BUYER;
AND

(3) MAY NOT BUY, SELL, OR EXCHANGE NEW VEHICLES.

(B)  A WHOLESALE DEALER SHALL KEEP A RECORD OF THE
FOLLOWING:

(1)  THE YEAR, MAKE, MODEL, AND IDENTIFICATION NUMBER
OF A VEHICLE THAT IS BOUGHT, SOLD, OR EXCHANGED;

(2)  THE DATE THAT A VEHICLE IS BOUGHT, SOLD, OR
EXCHANGED;

(3)  THE AMOUNT FOR WHICH A VEHICLE IS BOUGHT OR SOLD;