Ch. 3

LAWS OF MARYLAND

There are no changes.

(E)  GUARANTY FUND.

"GUARANTY FUND" MEANS A REAL ESTATE GUARANTY FUND
ESTABLISHED BY THE COMMISSION UNDER § 16-402 OF THIS TITLE.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(e).

The only changes are in style.

Defined term: "Commission" § 16-101

(F)  HEARING BOARD.

"HEARING BOARD" MEANS A REAL ESTATE HEARING BOARD APPOINTED
BY THE COMMISSION UNDER § 16-326 OF THIS TITLE.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(f).

The only changes are in style.

Defined term: "Commission" § 16-101

(G)  LICENSE.

(1)  "LICENSE" MEANS, UNLESS THE CONTEXT REQUIRES
OTHERWISE, A LICENSE ISSUED BY THE COMMISSION.

(2)  "LICENSE" INCLUDES, UNLESS THE CONTEXT REQUIRES
OTHERWISE:

(I)  A REAL ESTATE BROKER LICENSE;

(II)  AN ASSOCIATE REAL ESTATE BROKER LICENSE;

AND

(III) A REAL ESTATE SALESPERSON LICENSE.

REVISOR'S NOTE: This subsection formerly appeared as Art.
56A, § 4-101(g).

There are no changes.

Defined terms: "Associate real estate broker" § 16-101

"Commission" § 16-101

"Real estate broker" § 16-101

"Real estate salesperson" § 16-101

(H) LICENSED ASSOCIATE REAL ESTATE BROKER.

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