Ch. 3

LAWS OF MARYLAND

The only changes are in style.

Defined terms: "Licensed real estate broker" § 16-101
"State" § 1-101

16-518. BRANCH OFFICES.

(A)   IN GENERAL.

SUBJECT TO THE PROVISIONS OF THIS SUBTITLE, A LICENSED REAL
ESTATE BROKER MAY MAINTAIN BRANCH OFFICES IN THE STATE.

(B)  BRANCH OFFICE CERTIFICATE.

A LICENSED REAL ESTATE BROKER SHALL OBTAIN A BRANCH OFFICE
CERTIFICATE BEFORE THE BROKER MAY MAINTAIN A BRANCH OFFICE IN THE
STATE.

(C)  APPLICATION FOR BRANCH OFFICE CERTIFICATE.

(1)  AN APPLICANT FOR A BRANCH OFFICE CERTIFICATE
SHALL:

(I)  SUBMIT TO THE COMMISSION AN APPLICATION ON
THE FORM THAT THE COMMISSION PROVIDES;

(II)  SUBMIT TO THE COMMISSION WRITTEN NOTICE OF
THE IDENTITY OF THE INDIVIDUAL APPOINTED AS MANAGER OF THE BRANCH
OFFICE UNDER SUBSECTION (D) OF THIS SECTION; AND

(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
LICENSED REAL ESTATE BROKER SHALL DESIGNATE A MANAGER FOR EACH
BRANCH OFFICE OF THE BROKER.

(2)  THE MANAGER SHALL BE:

(I)  A LICENSED ASSOCIATE REAL ESTATE BROKER; OR

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

(E)  TERM AND RENEWAL OF BRANCH OFFICE CERTIFICATE.

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