WILLIAM DONALD SCHAEFER, Governor Ch. 563

In subsection (c)(1) of this section, new language is
added to state expressly that which was only implied
in the former law — i.e., that, if a pocket card is
lost or destroyed, the licensee immediately shall
notify the Commission.

In subsection (c)(2) of this section, new language is
added to state expressly that which was only implied
in the former law — i.e., that a licensee whose
pocket card has been lost or destroyed must submit an
affidavit and fee to the Commission to have a
duplicate pocket card issued.

Defined terms: "Affiliate" § 4-101

"Associate real estate broker" § 4-101

"Commission" § 4-l01 .

"Licensed real estate broker" § 4-101

"Real estate broker" § 4-101

"Real estate salesperson" § 4-101

4-318. CHANGE OF NAME OF LICENSEE OR FIRM.

(A) IN GENERAL.

TO CHANGE THE NAME OF A LICENSEE OR A FIRM ON A LICENSE
CERTIFICATE AND POCKET CARD, A LICENSEE SHALL SUBMIT TO THE
COMMISSION:

PROVIDES;
LICENSEE;

(1)  AN APPLICATION ON THE FORM THAT THE COMMISSION

(2)  THE LICENSE CERTIFICATE AND POCKET CARD OF THE

(3)  ANY DOCUMENTATION REGARDING THE NAME CHANGE THAT
THE COMMISSION REQUIRES; AND

(4)  A FEE OF $5.

(B) ISSUANCE OF NEW LICENSE CERTIFICATE AND POCKET CARD.

ON RECEIPT OF THE APPLICATION, FEE, AND ANY REQUIRED
DOCUMENTATION, THE COMMISSION SHALL ISSUE, TO THE LICENSEE, A NEW
LICENSE CERTIFICATE AND POCKET CARD CONTAINING THE NEW NAME OF
THE LICENSEE OR FIRM.

SUBCOMMITTEE COMMENT: This section is new language derived
in part without substantive change from former Art.
56, § 223(g). This section is revised, on the
recommendation of the Joint Subcommittee on the
Business Occupations Article, to establish a uniform
fee for changing the name on a license certificate and.

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