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Session Laws, 1988
Volume 770, Page 3789   View pdf image
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WILLIAM DONALD SCHAEFER, Governor Ch. 563

additions conform to the current practice of the
Commission.

Subsection (g)(1) of this section is new language
added to state expressly that, to exchange a license
for another license, a qualified licensee must
surrender the license certificate and pocket card of
the licensee to the Commission. This addition
conforms to the current practice of the Commission.

Subsection (g)(2) of this section is new language
derived without substantive change from the first
clause of former Art. 56, § 217(b).

Subsection (g)(3) of this section is new language
added to state expressly that, to exchange a real
estate salesperson license or an associate real estate
broker license for another license, a qualified
licensee must submit to the Commission: (1) an
acknowledgment from the licensed real estate broker
with whom the licensee currently is affiliated that
the affiliation is terminated, or (2) a statement by
the licensee that the current affiliation of the
licensee is terminated. This addition conforms to the
current practice of the Commission.

Subsection (g)(4) of this section is new language
substituted for the requirement, in the first sentence
of former Art. 56, § 221(a), that applicants for a
real estate salesperson license "give evidence of
their intention ... to become regularly engaged as a
salesman by a licensed real estate broker." The
substituted language clarifies that, in order to
exchange a license for an associate real estate broker
license as well as to exchange a license for a real
estate salesperson license, a qualified licensee must
submit to the Commission adequate evidence that the
licensee has obtained from a licensed real estate
broker a commitment for the licensee to become
affiliated with the broker as a real estate
salesperson or an associate real estate broker on the
granting of a real estate salesperson license or an
associate real estate broker license to the licensee.
The substituted language conforms to the current
practice of the Commission.

Subsection (g)(5) of this section is new language
substituted for former Art. 56, § 218(c) and, as it
related to the application fees, § 223(a), (c), and
(d), on the recommendation of the Joint Subcommittee
on the Business Occupations Article, to increase the
application fees for a real estate broker license and
a real estate salesperson license to $80 and $30,

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Session Laws, 1988
Volume 770, Page 3789   View pdf image
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