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PARRIS N. GLENDENING, Governor
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S.B. 560
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term by completing 6 clock hours of continuing education instruction that outlines
relevant changes that have occurred in federal, State, or local laws, or any
combination of those laws.]
(II) A LICENSEE WHO POSSESSES A GRADUATE DECREE IN LAW,
BUSINESS, OR REAL ESTATE FROM AN ACCREDITED COLLEGE OR UNIVERSITY, OR
HAS BEEN LICENSED FOR 10 CONSECUTIVE YEARS AND HOLDS A REAL ESTATE
DESIGNATION FROM A NATIONALLY RECOGNIZED REAL ESTATE TRADE
ASSOCIATION INCLUDING THE NATIONAL ASSOCIATION OF REALTORS AND THE
MARYLAND ASSOCIATION OF REALTORS MAY SATISFY THE CONTINUING EDUCATION
REQUIREMENTS AND RENEW A LICENSE FOR THE NEXT FULL-TERM BY COMPLETING
7.5 CLOCK HOURS OF CONTINUING EDUCATION INSTRUCTION AS PROVIDED FOR IN
SUBSECTION (B) OF THIS SECTION.
(II) A LICENSEE MAY SATISFY THE CONTINUING EDUCATION
REQUIREMENTS AND RENEW A LICENSE FOR THE NEXT FULL TERM BY COMPLETING
7.5 CLOCK HOURS OF CONTINUING EDUCATION INSTRUCTION AS PROVIDED FOR IN
SUBSECTION (B) OF THIS SECTION IF THE LICENSEE:
1. POSSESSES A GRADUATE DEGREE IN LAW FROM AN
ACCREDITED LAW SCHOOL;
2. POSSESSES A GRADUATE DEGREE IN REAL ESTATE FROM
AN ACCREDITED COLLEGE OR UNIVERSITY; OR
3. HAS BEEN LICENSED FOR 10 CONSECUTIVE YEARS AND
HOLDS A REAL ESTATE DESIGNATION FROM:
A. A NATIONALLY RECOGNIZED REAL ESTATE TRADE
ASSOCIATION, INCLUDING THE NATIONAL ASSOCIATION OF REALTORS AND THE
NATIONAL ASSOCIATION OF REAL ESTATE BROKERS, INC.;
B. THE MARYLAND ASSOCIATION OF REALTORS; OR
C. THE REAL ESTATE BROKERS OF BALTIMORE, INC.; OR
4. IS LICENSED AS A REAL ESTATE APPRAISER UNDER TITLE
16 OF THIS ARTICLE.
(3) NOTWITHSTANDING PARAGRAPH (1) OF THIS SUBSECTION;
(I) A LICENSEE HOLDING A LICENSE FROM ANOTHER STATE MUST
COMPLETE AT LEAST 15 CLOCK HOURS OF CONTINUING EDUCATION INSTRUCTION
DURING EACH 2-YEAR LICENSE TERM AND MAY SUBSTITUTE CLOCK HOURS OF
CONTINUING EDUCATION INSTRUCTION EARNED IN ANOTHER STATE, IF THOSE
CLOCK HOURS:
(I) ARE APPROVED AS REAL ESTATE CONTINUING EDUCATION IN
THAT STATE; AND
(II) MEET THE DISTRIBUTION REQUIREMENTS OF SUBSECTION
(B)(2) OF THIS SECTION.
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- 4693 -
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