Ch. 563

LAWS OF MARYLAND

EFFECTIVE AUTOMATICALLY WITHOUT NOTICE FROM THE BUYER OR THE
SELLER;

(11)  ACCEPTS A LISTING CONTRACT TO SELL REAL PROPERTY
THAT PROVIDES FOR A "NET" RETURN TO A SELLER AND LEAVES THE
LICENSEE FREE TO SELL THE REAL PROPERTY AT ANY PRICE HIGHER THAN
THE "NET" PRICE;

(12)  KNOWINGLY SOLICITS A PARTY TO AN EXCLUSIVE
LISTING CONTRACT WITH ANOTHER LICENSEE TO TERMINATE THAT CONTRACT
AND ENTER A NEW CONTRACT WITH THE LICENSEE MAKING THE
SOLICITATION;

(13)  SOLICITS A PARTY TO A SALES CONTRACT, LEASE, OR
AGREEMENT THAT WAS NEGOTIATED BY ANOTHER TO BREACH THE CONTRACT,
LEASE, OR AGREEMENT FOR THE PURPOSE OF SUBSTITUTING A NEW
CONTRACT, LEASE, OR AGREEMENT FOR WHICH THE LICENSEE MAKING THE
SOLICITATION IS EITHER THE REAL ESTATE BROKER OR AN ASSOCIATE
REAL ESTATE BROKER OR A REAL ESTATE SALESPERSON AFFILIATED WITH
THE REAL ESTATE BROKER;

(14)  FOR ANY TRANSACTION IN WHICH THE LICENSEE HAS
SERVED AS OR ON BEHALF OF A REAL ESTATE BROKER, FAILS TO FURNISH
PROMPTLY TO EACH PARTY TO THE TRANSACTION A COPY OF:

(I)  THE LISTING CONTRACT TO SELL OR RENT REAL
PROPERTY;

(II)  THE CONTRACT OF SALE; OR

(III)  THE LEASE AGREEMENT;

(15)  FOR ANY TRANSACTION IN WHICH THE LICENSEE HAS
SERVED AS OR ON BEHALF OF A REAL ESTATE BROKER, FAILS TO KEEP A
COPY OF ANY EXECUTED:

(I)  LISTING CONTRACT TO SELL OR RENT REAL
PROPERTY;

(II)  CONTRACT OF SALE; OR

(III)  LEASE AGREEMENT;

(16)  WHETHER OR NOT ACTING FOR MONETARY GAIN,
KNOWINGLY INDUCES OR ATTEMPTS TO INDUCE A PERSON TO TRANSFER REAL
ESTATE OR DISCOURAGES OR ATTEMPTS TO DISCOURAGE A PERSON FROM
BUYING REAL ESTATE:

(I) BY MAKING REPRESENTATIONS REGARDING THE
EXISTING OR POTENTIAL PROXIMITY OF REAL PROPERTY OWNED OR USED BY
INDIVIDUALS OF A PARTICULAR RACE, COLOR, RELIGION, OR NATIONAL
ORIGIN; OR

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