WILLIAM DONALD SCHAEFER, Governor Ch. 563

(III) PAY TO THE COMMISSION AN APPLICATION FEE
OF $5.

(2) THE COMMISSION SHALL ISSUE A BRANCH OFFICE
CERTIFICATE TO EACH LICENSED REAL ESTATE BROKER WHO MEETS THE
REQUIREMENTS OF THIS SECTION.

(D)  BRANCH OFFICE MANAGER.

(1)  SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, THE
REAL ESTATE BROKER SHALL DESIGNATE A MANAGER FOR EACH BRANCH
OFFICE OF THE BROKER.

(2)  THE MANAGER SHALL BE A:

(I)  LICENSED ASSOCIATE REAL ESTATE BROKER; OR

(II)  LICENSED REAL ESTATE SALESPERSON WHO HAS
AT LEAST 3 YEARS EXPERIENCE PROVIDING REAL ESTATE BROKERAGE
SERVICES.

(E)  TERM AND RENEWAL OF BRANCH OFFICE CERTIFICATE.

(1)  UNLESS A BRANCH OFFICE CERTIFICATE IS RENEWED FOR
A 2-YEAR TERM AS PROVIDED IN THIS SUBSECTION, A BRANCH OFFICE
CERTIFICATE EXPIRES ON THE FIRST APRIL 30 THAT COMES:

(I)  AFTER THE EFFECTIVE DATE OF THE
CERTIFICATE; AND

(II)  IN AN EVEN-NUMBERED YEAR.

(2)  BEFORE A BRANCH OFFICE CERTIFICATE EXPIRES, A
LICENSED REAL ESTATE BROKER PERIODICALLY MAY RENEW IT FOR AN
ADDITIONAL 2-YEAR TERM, IF THE BROKER:

(I)  SUBMITS TO THE COMMISSION A RENEWAL
APPLICATION ON THE FORM THAT THE COMMISSION PROVIDES ACCOMPANIED
BY THE LICENSE RENEWAL APPLICATION OF THE MANAGER OF THE BRANCH
OFFICE; AND

(II)  PAYS TO THE COMMISSION A RENEWAL FEE OF
$5.

(3)  THE COMMISSION SHALL RENEW THE BRANCH OFFICE
CERTIFICATE OF EACH LICENSED REAL ESTATE BROKER WHO MEETS THE
REQUIREMENTS OF THIS SECTION.

SUBCOMMITTEE COMMENT: Subsection (a) of this section is new
language derived in part without substantive change
from the first sentence of former Art. 56, § 222(c).

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