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Ch. 24 LAWS OF MARYLAND
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 56 - Licenses
230.
(a) From and after June 1, 1939, it shall be unlawful for
any person, copartnership, association or corporation to engage
in business or act in the capacity of a real estate broker or
real estate salesman within this State without first obtaining a
license as provided in this subtitle.
Any licensee under this subtitle who fails to apply for the
renewal of his or her license, and pay the fee therefor on or
before the date of its expiration in each and every year and who
continues to perform or offers to perform any act or acts
prohibited by this subtitle to others than licensees snail pay in
addition to the fees herein prescribed a sum of 10% of the
prescribed biennial fee for each month or fractional part thereof
after the first month such licensee fails to so apply for the
renewal of his or her license.
Any such licensee who fails or refuses, after 30 days
written notice from the Commission, to so apply and pay the fee
and all penalties imposed by this section shall be deemed to be
operating without a license and subject to the penalties provided
for in § 231.
[(b) Every license issued by the Commission shall be a
biennial license and shall expire on the 30th day of April
biennially or on such other day as the Commission may select.]
(B) A REAL ESTATE BROKER'S LICENSE ISSUED BY THE COMMISSION
IS A BIENNIAL LICENSE AND EXPIRES ON THE 1ST DAY OF MARCH OF EACH
EVEN-NUMBERED YEAR.
(C) A REAL ESTATE ASSOCIATE BROKER'S AND SALESMAN'S LICENSE
ISSUED BY THE COMMISSION IS A BIENNIAL LICENSE AND EXPIRES ON THE
30TH DAY OF APRIL OF EACH EVEN-NUMBERED YEAR.
SECTION 2. AND BE IT FURTHER ENACTED, That licenses issued
prior to the effective date of this Act which have not expired
shall expire on the appropriate date as set forth in this Act.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.
Approved April l4, 1987.
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