Ch. 563                                          LAWS OF MARYLAND

(1)  THE SECRETARY SHALL APPOINT THE EXECUTIVE
DIRECTOR OF THE COMMISSION FROM A LIST OF 3 NOMINEES SUBMITTED BY
THE COMMISSION.

(2)  THE EXECUTIVE DIRECTOR SERVES AT THE PLEASURE OF
THE SECRETARY.

(B)  QUALIFICATIONS.

THE EXECUTIVE DIRECTOR SHALL:

(1)  POSSESS A BROAD KNOWLEDGE OF GENERALLY ACCEPTED
PRACTICES IN THE REAL ESTATE BUSINESS IN THE STATE; AND

(2)  BE REASONABLY WELL INFORMED OF THE GENERAL LAWS
THAT GOVERN AGENCY AND CONTRACTS FOR THE CONVEYANCE OR LEASING OF
REAL ESTATE.

(C)  EMPLOYMENT RESTRICTIONS.

(1)  THE EXECUTIVE DIRECTOR SHALL DEVOTE FULL TIME TO
THE DUTIES OF OFFICE.

(2)  THE EXECUTIVE DIRECTOR MAY NOT HOLD ANY POSITION
OR ENGAGE IN ANOTHER BUSINESS THAT:

(I)  INTERFERES WITH THE POSITION OF EXECUTIVE
DIRECTOR; OR

(II)  MIGHT CONFLICT WITH THE POSITION OF
EXECUTIVE DIRECTOR.

(3)  WHILE EMPLOYED BY THE COMMISSION, THE EXECUTIVE
DIRECTOR MAY NOT:

(I)  BE LICENSED IN ANY STATE AS A REAL ESTATE
BROKER, AN ASSOCIATE REAL ESTATE BROKER, OR A REAL ESTATE
SALESPERSON;

(II)  ENGAGE IN ANY ACT FOR WHICH A LICENSE IS
REQUIRED UNDER THIS TITLE; OR

(III)  IN CONNECTION WITH ANY REAL ESTATE
TRANSACTION, DIRECTLY OR INDIRECTLY RECEIVE OR BECOME ENTITLED TO
RECEIVE ANY FEE, PERQUISITE, OR COMPENSATION.

(D)  COMPENSATION AND REIMBURSEMENT FOR EXPENSES.

THE EXECUTIVE DIRECTOR IS ENTITLED TO:

(1) COMPENSATION IN ACCORDANCE WITH THE STATE BUDGET;
AND

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