3146

LAWS OF MARYLAND

Ch. 686

BY repealing and reenacting, without amendments,

Article 56 - Licenses

Section 212(f)(6)

Annotated Code of Maryland

(1983 Replacement Volume and 1984 Supplement)

BY repealing and reenacting, with amendments,

Article 56 - Licenses

Section 227

Annotated Code of Maryland

(1983 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 27 - Crimes and Punishments

465A.

No person, firm, or corporation having any connection
whatsoever with the settlement of real estate transactions
involving land situated and lying in this State shall, for the
purpose of soliciting, obtaining, retaining, or arranging any
real estate settlement or real estate settlement business, pay to
or receive from, any other person, firm, or corporation any fee,
compensation, gift (except promotional or advertising materials
for general distribution), thing of value, rebate, or other
consideration, including loans and advancements of commissions or
deposit moneys. Any person, firm, or corporation violating the
terms of this section, shall be guilty of a misdemeanor and upon
conviction be subject to a fine not to exceed one thousand
dollars ($1000.00) or to imprisonment for not more than six (6)
months or both. Every violation of this section shall constitute
a separate offense and shall be punishable as such. Nothing
herein contained shall be construed as preventing the payment of
commissions to agents who have been duly licensed as such by the
State Insurance Department. Nothing herein shall prohibit the
referral of any such business from one attorney to another
attorney, or prohibit any professional fee arrangement between
attorneys in such cases. IF THE REFERRAL OR PROFESSIONAL FEE
ARRANGEMENT DOES NOT VIOLATE ARTICLE 56, § 227(A)(2) OF THE CODE.

Article 56 - Licenses

212.

(f) The terms "real estate broker" and "real estate
salesman" do not include: