WILLIAM DONALD SCHAEFER, Governor Ch. 563

(2) "REAL ESTATE" INCLUDES:

(I)  AN INTEREST IN A CONDOMINIUM; AND

(II)  A TIME-SHARE ESTATE OR A TIME-SHARE
LICENSE, AS THOSE TERMS ARE DEFINED IN § 11A-101 OF THE REAL
PROPERTY ARTICLE.

SUBCOMMITTEE COMMENT: This subsection is new language
derived without substantive change from former Art.
56, § 212(d) and (d-1).

Former Art. 56, § 212(d-2), (d-3), and (d-4), which
defined, respectively, "[t]ime-share estate",
"[t]ime-share license", and "[t]ime-share developer",
is deleted as unnecessary in this title. References
to "time-share estate" and "time-share license" are
retained in item (2)(ii) of this subsection for
clarity but, since the terms are not used elsewhere in
this title, they are not defined for purposes of this
title. For definitions of "time-share estate",
"time-share license", and "developer" in reference to
time-sharing, see RP § 11A-l0l(s), (w), and (g),
respectively.

(M) REAL ESTATE BROKER.

"REAL ESTATE BROKER" MEANS AN INDIVIDUAL WHO PROVIDES REAL
ESTATE BROKERAGE SERVICES.

SUBCOMMITTEE COMMENT: This subsection is new language added
to provide an express definition of "real estate
broker". It is stated in the standard form used to
define the various business professionals regulated
under the proposed Business Occupations Article.

Former Art. 56, § 212(a), which defined "real estate
broker", is revised as the defined term "provide real
estate brokerage services". See subsection (h) of
this section.

As to the omission, in this revised definition, of the
language in former Art. 56, § 212(a) that erroneously
indicated that a real estate broker could be an
"association, copartnership or corporation foreign or
domestic", see the General Subcommittee Comment to
this title.

Defined term: "Provide real estate brokerage
services" § 4-101

(N) REAL ESTATE SALESPERSON.

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