Ch. 563
LAWS OF MARYLAND
associate real estate broker license to $50 to
establish a fee that is commensurate with the
intermediate status of an associate real estate broker
license. In addition, this item has been revised to
establish a uniform renewal fee for resident and
nonresident licensees in conformity with changes in
the fee structure made throughout this title. See the
General Subcommittee Comment to this title.
Subsection (d)(2)(iii) of this section is new language
derived in part without substantive change from former
Art. 56, § 223(d), as it related to the renewal fee
for a real estate salesperson license, and the
introductory language of that section. This item has
been revised, on the recommendation of the Joint
Subcommittee on the Business Occupations Article, to
establish a uniform renewal fee for resident and
nonresident licensees in conformity with changes in
the fee structure made throughout this title. See the
General Subcommittee Comment to this title.
Subsection (d)(3) of this section is standard language
added to state expressly that which was only implied
in the former law — i.e., that renewal applications
may be made only on the form provided by the
Commission.
Subsection (d)(4) of this section is new language
derived without substantive change from the second
sentence of former Art. 56, § 217(f)(3), as it related
to submission of certificates of completion.
Subsection (d)(5) of this section is new language
added, on the recommendation of the Joint Subcommittee
on the Business Occupations Article, to require a
licensee, as a condition to license renewal, to notify
the Commission of the name of each real estate broker
with whom the licensee is affiliated. This
requirement provides the Commission with a means to
acquire previously unreported and unauthorized changes
in affiliation.
Subsection (e) of this section is standard language
added to state expressly a provision that was only
implied in the former law — i.e., that the Commission
has a duty to renew the license of a qualified
licensee.
Subsection (f) of this section is new language
substituted, on the recommendation of the Joint
Subcommittee on the Business Occupations Article, for
the second and third sentences of former Art. 56, §
230(a) to provide a more logical and workable scheme
for a grace period for renewal of licenses.
- 3800 -
|