WILLIAM DONALD SCHAEFER, Governor Ch. 563

SUBJECT TO THE HEARING PROVISIONS OF § 4-325 OF THIS
SUBTITLE, THE COMMISSION MAY DENY A LICENSE TO ANY APPLICANT,
REPRIMAND ANY LICENSEE, OR SUSPEND OR REVOKE A LICENSE IF THE
APPLICANT OR LICENSEE:

(1)  FRAUDULENTLY OR DECEPTIVELY OBTAINS OR ATTEMPTS
TO OBTAIN A LICENSE FOR THE APPLICANT OR LICENSEE OR FOR ANOTHER;

(2)  FRAUDULENTLY OR DECEPTIVELY USES A LICENSE;

(3)  DIRECTLY OR THROUGH ANOTHER PERSON WILLFULLY
MAKES A MISREPRESENTATION OR KNOWINGLY MAKES A FALSE PROMISE;

(4)  INTENTIONALLY OR NEGLIGENTLY FAILS TO DISCLOSE TO
ANY PERSON WITH WHOM THE APPLICANT OR LICENSEE DEALS A MATERIAL
FACT THAT THE LICENSEE KNOWS OR SHOULD KNOW THAT RELATES TO THE
PROPERTY WITH WHICH THE LICENSEE OR APPLICANT DEALS;

(5)  AS AN ASSOCIATE REAL ESTATE BROKER OR A REAL
ESTATE SALESPERSON, PROVIDES OR ATTEMPTS TO PROVIDE REAL ESTATE
BROKERAGE SERVICES ON BEHALF OF A REAL ESTATE BROKER WITHOUT
INFORMING IN WRITING ANY OTHER REAL ESTATE BROKER WITH WHOM THE
ASSOCIATE REAL ESTATE BROKER OR THE REAL ESTATE SALESPERSON IS
AFFILIATED;

(6)  ACTS OR ATTEMPTS TO ACT FOR MORE THAN 1 PARTY IN
A TRANSACTION WITHOUT THE KNOWLEDGE AND CONSENT OF ALL PARTIES
FOR WHOM THE LICENSEE ACTS;

(7)  RETAINS OR ATTEMPTS TO RETAIN THE SERVICES OF ANY
UNLICENSED INDIVIDUAL AS AN ASSOCIATE REAL ESTATE BROKER OR A
REAL ESTATE SALESPERSON TO EVADE THE LAW PROHIBITING PAYMENT OF A
COMMISSION TO AN UNLICENSED INDIVIDUAL;

(8)  GUARANTEES OR AUTHORIZES OR PERMITS ANOTHER
PERSON TO GUARANTEE FUTURE PROFITS FROM THE RESALE OF REAL
PROPERTY;

(9)  SOLICITS, SELLS, OR OFFERS TO SELL REAL PROPERTY,
SO AS TO INFLUENCE OR ATTEMPT TO INFLUENCE A PROSPECTIVE PARTY TO
THE SALE OF REAL PROPERTY, BY:

(I)  OFFERING A PRIZE OR A FREE LOT;

(II)  CONDUCTING A LOTTERY OR CONTEST; OR

(III)  ADVERTISING "FREE APPRAISALS", UNLESS THE
ADVERTISER IS PREPARED TO APPRAISE THE REAL ESTATE FREE OF CHARGE
FOR ANY PERSON, REGARDLESS OF THE PURPOSE FOR WHICH THE PERSON
REQUESTS THE APPRAISAL;

(10)  ACCEPTS A LISTING CONTRACT TO SELL REAL PROPERTY
THAT FAILS TO PROVIDE A DEFINITE TERMINATION DATE THAT IS

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