Ch. 3                                           LAWS OF MARYLAND

(27)  VIOLATES § 16-320(C) OF THIS SUBTITLE BY FAILING
AS A REAL ESTATE BROKER TO EXERCISE REASONABLE AND ADEQUATE
SUPERVISION OVER THE PROVISION OF REAL ESTATE BROKERAGE SERVICES
BY ANOTHER INDIVIDUAL ON BEHALF OF THE BROKER;

(28)  PROVIDES TO A PARTY A CONTRACT THAT DOES NOT
CONTAIN A NOTICE OF THE BUYER'S RIGHT OF SELECTION, AS REQUIRED
BY § 16-524 OF THIS TITLE;

(29)  REQUIRES A BUYER TO EMPLOY A PARTICULAR TITLE
INSURANCE COMPANY, SETTLEMENT COMPANY, ESCROW COMPANY, OR TITLE
LAWYER IN VIOLATION OF § 16-607 OF THIS TITLE;

(30)  VIOLATES ANY PROVISION OF SUBTITLE 5 OF THIS
TITLE THAT RELATES TO TRUST MONEY;

(31)  VIOLATES" ANY OTHER PROVISION OF THIS TITLE; OR

(32)  VIOLATES ANY REGULATION ADOPTED UNDER THIS TITLE
OR ANY PROVISION OF THE CODE OF ETHICS.

(B) PENALTY.

(1)  INSTEAD OF OR IN ADDITION TO SUSPENDING OR
REVOKING A LICENSE, THE COMMISSION MAY IMPOSE A PENALTY NOT
EXCEEDING $2,000 FOR EACH VIOLATION.

(2)  TO DETERMINE THE AMOUNT OF THE PENALTY IMPOSED
UNDER THIS SUBSECTION, THE COMMISSION SHALL CONSIDER:

(I)  THE SERIOUSNESS OF THE VIOLATION;

(II)  THE HARM CAUSED BY THE VIOLATION;

(III)  THE GOOD FAITH OF THE LICENSEE; AND

(IV)  ANY HISTORY OF PREVIOUS VIOLATIONS BY THE
LICENSEE.

(3)  THE COMMISSION SHALL PAY ANY PENALTY COLLECTED
UNDER THIS SUBSECTION INTO THE GENERAL FUND OF THE STATE.

REVISOR'S NOTE: Subsection (a) of this section formerly
appeared as Art. 56A, § 4-322.

Subsection (b) of this section formerly appeared as
Art. 56A, § 4-324.

The only changes are in style.

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

- 782 -