WILLIAM DONALD SCHAEFER, Governor

Ch. 3

(2)  IF THE LICENSEE IS AN ASSOCIATE REAL ESTATE
BROKER OR A REAL ESTATE SALESPERSON, TO EACH REAL ESTATE BROKER
WITH WHOM THE LICENSEE IS AFFILIATED;

(3)  TO THE MARYLAND ASSOCIATION OF REALTORS; AND

(4)  TO THE LOCAL BOARD OF REALTORS AND THE REALTIST
ORGANIZATION HAVING JURISDICTION OVER THE GEOGRAPHIC AREA WHERE
THE LICENSEE MAINTAINED AN OFFICE.

(B) NONRESIDENT LICENSEE.

(1)  IF THE COMMISSION REVOKES OR SUSPENDS THE LICENSE
OF A NONRESIDENT LICENSEE, THE COMMISSION ALSO SHALL NOTIFY BY
MAIL THE REAL ESTATE COMMISSION OR OTHER LICENSING AUTHORITY IN
THE STATE WHERE THE LICENSEE IS A RESIDENT.

(2)  THE COMMISSION SHALL INCLUDE IN THE NOTICE THE
CAUSE FOR THE REVOCATION OR SUSPENSION OF THE LICENSE.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-331.

The only changes are in style.

Defined terms: "Affiliate" § 16-101
"Associate real estate broker" § 16-101
"Commission" § 16-101 "License" § 16-101
"Real estate broker" § 16-101
"Real estate salesperson" § 16-101
"State" § 1-101

SUBTITLE 4. REAL ESTATE GUARANTY FUND.

16-401. SCOPE OF SUBTITLE.

THIS SUBTITLE DOES NOT LIMIT THE AUTHORITY OF THE COMMISSION
TO TAKE:

(1)  ANY ACTION AGAINST A LICENSEE UNDER THE
DISCIPLINARY PROVISIONS OF SUBTITLE 3 OF THIS TITLE; OR

(2)  ANY OTHER ACTION AUTHORIZED UNDER THIS TITLE.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-401.

There are no changes.

Defined terms: "Commission" § 16-101
"License" § 16-101

16-402. ESTABLISHMENT OF GUARANTY FUND; INVESTMENTS.

- 791 -