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Session Laws, 1988
Volume 770, Page 3803   View pdf image
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WILLIAM DONALD SCHAEFER, Governor

Ch. 563

and shall be responsible for the cost of the courses,
is deleted as surplusage.

Defined terms: "Commission" § 4-101
"County" § 1-101 "License" § 4-101
"Real estate" § 4-101

4-316. INACTIVE STATUS.

(A) PLACEMENT ON INACTIVE STATUS.

(1)  THE COMMISSION SHALL PLACE THE LICENSE OF A REAL
ESTATE BROKER ON INACTIVE STATUS IF:

(I)  THE BROKER REQUESTS THAT THE LICENSE OF THE
BROKER BE PLACED ON INACTIVE STATUS; AND

(II)  THE BROKER SURRENDERS THE LICENSE
CERTIFICATE AND POCKET CARD OF THE BROKER TO THE COMMISSION.

(2)  THE COMMISSION SHALL PLACE THE LICENSE OF AN
ASSOCIATE REAL ESTATE BROKER OR A REAL ESTATE SALESPERSON ON
INACTIVE STATUS IF:

(I)  THE ASSOCIATE BROKER OR SALESPERSON NO
LONGER IS AFFILIATED WITH THE LICENSED REAL ESTATE BROKER WHOSE
FIRM IS NAMED IN THE LICENSE CERTIFICATE OF THE ASSOCIATE BROKER
OR SALESPERSON; OR

(II)  THE ASSOCIATE BROKER OR SALESPERSON:

1.  REQUESTS THAT THE LICENSE OF THE
ASSOCIATE BROKER OR SALESPERSON BE PLACED ON INACTIVE STATUS; AND

2.  SURRENDERS THE LICENSE CERTIFICATE AND
POCKET CARD OF THE ASSOCIATE BROKER OR SALESPERSON TO THE
COMMISSION.

. (B) PROHIBITION AGAINST PROVIDING REAL ESTATE BROKERAGE
SERVICES; EFFECT ON DISCIPLINARY POWERS.

(1)  A LICENSEE WHOSE LICENSE IS ON INACTIVE STATUS
MAY NOT PROVIDE REAL ESTATE BROKERAGE SERVICES THROUGH THAT
LICENSE.

(2)  THE PLACEMENT OF A LICENSE ON INACTIVE STATUS
DOES NOT AFFECT THE POWER OF THE COMMISSION TO SUSPEND OR REVOKE
THE LICENSE OR TO TAKE ANY OTHER DISCIPLINARY ACTION AGAINST THE
LICENSEE.

(C) TERM OF INACTIVE STATUS.

- 3803 -

 

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Session Laws, 1988
Volume 770, Page 3803   View pdf image
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