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Session Laws, 1989
Volume 771, Page 816   View pdf image
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Ch. 3

LAWS OF MARYLAND

(B)  SUSPENSION OF ADVERTISING AND SOLICITATION.

(1)  SUBJECT TO THE PROVISIONS OF THIS SUBSECTION, THE
COMMISSION MAY SUSPEND, BY ORDER, ANY METHODS OF ADVERTISING REAL
ESTATE BROKERAGE SERVICES OR SOLICITING LISTINGS OF HOUSES FOR
THE PURPOSE OF RESALE OR RENTAL IN A REAL ESTATE CONSERVATION
AREA IF THE COMMISSION DETERMINES THAT:

(I)  THE AREA WOULD BENEFIT BY THE SUSPENSION;

(II)  THE SUSPENSION WOULD ADVANCE A STATE
INTEREST;

(III)  THERE IS A REASONABLE BASIS TO BELIEVE
THAT PANIC SELLING, BLOCKBUSTING, OR DEPRESSED REAL ESTATE MARKET
VALUES WOULD OCCUR WITHOUT THE SUSPENSION; AND

(IV)  THERE IS NO LESS RESTRICTIVE ALTERNATIVE
AVAILABLE.

(2)  IN DETERMINING WHETHER TO IMPOSE A SUSPENSION,
THE COMMISSION SHALL BASE ITS DETERMINATION ON A PREPONDERANCE OF
THE EVIDENCE.

(3)  WHEN DETERMINING WHETHER TO IMPOSE A SUSPENSION,
THE COMMISSION SHALL PROVIDE INFORMATION TO THE COMMUNITY
AFFECTED, INCLUDING:

(I)  THE RACIAL AND ECONOMIC COMPOSITION OF THE
REAL ESTATE CONSERVATION AREA;

(II)  THE NUMBER OF REAL ESTATE TRANSACTIONS IN
THE AREA; AND

(III)  THE FAIR MARKET VALUES OF PROPERTIES
AFFECTED.                              

(4)  A SUSPENSION UNDER PARAGRAPH (1) OF THIS
SUBSECTION MAY NOT:

(I)  APPLY TO ADVERTISING IN REGULARLY
DISTRIBUTED NEWSPAPERS, MAGAZINES, RADIO, TELEVISION, OR
TELEPHONE DIRECTORIES; OR

(II)  EXCEED 24 MONTHS IN DURATION.

(C)  MODIFICATION, REMOVAL, OR RENEWAL OF SUSPENSION.

(1) SUBJECT TO THE PROVISIONS OF THIS SUBSECTION, THE
COMMISSION MAY:

(I) MODIFY A SUSPENSION;

- 816 -

 

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Session Laws, 1989
Volume 771, Page 816   View pdf image
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