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S.B. 560
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VETOES
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(4) THE COMMISSION SHALL GRANT THE SUBSTITUTION OF CLOCK
HOURS IN SUBPARAGRAPH (I) OF THIS PARAGRAPH (3) OF THIS SUBSECTION ONLY IF
THE OTHER STATE PERMITS THE SUBSTITUTION OF CLOCK HOURS OF CONTINUING
EDUCATION INSTRUCTION APPROVED BY THE COMMISSION FOR A LICENSEE OF THIS
STATE.
(b) (1) The Commission shall approve the form, substance, and, as provided
under paragraph (2) of this subsection, subject matter of all continuing education
courses.
(2) The subject matter approved by the Commission shall:
(i) relate to real estate OR TO A SUBJECT MATTER INTENDED TO
ASSIST A LICENSEE IN PROVIDING REAL ESTATE BROKERAGE SERVICES TO THE
PUBLIC IN A MORE EFFICIENT AND EFFECTIVE MANNER INCLUDING
TECHNOLOGICAL AND COMPUTER APPLICATIONS, SALES AND MARKETING
TECHNIQUES, AND OTHER COURSES AS APPROVED BY THE COMMISSION INTENDED
TO ASSIST A LICENSEE IN PROVIDING REAL ESTATE BROKERAGE SERVICES TO THE
PUBLIC;
(ii) every 2 years, include at least one [3-hour] 3 CLOCK HOUR
CLOCK HOUR course that outlines relevant changes that have occurred in federal,
State, or local laws and regulations, or any combination of those laws and regulations;
[and]
(iii) every 2 years, include at least one 1.5 clock hour course that
outlines federal, State, and local fair housing laws and regulations, including fair
housing advertising; AND
(IV) EVERY 2 YEARS, INCLUDE AT LEAST ONE 3 CLOCK HOUR
CLOCK HOUR ETHICS COURSE THAT OUTLINES THE DUTIES OF LICENSEES UNDER
THE CODE OF ETHICS AS ADOPTED BY THE COMMISSION, THE NATIONAL
ASSOCIATION OF REALTORS, OR SUCH OTHER GOVERNMENTAL AGENCY OR TRADE
ASSOCIATION AS APPROVED BY THE COMMISSION THAT INCLUDES THE MARYLAND
CODE OF ETHICS AND INCLUDES A DISCUSSION OF THE PRACTICES OF FLIPPING AND
PREDATORY LENDING.
(3) [The] EXCEPT FOR THE requirement of paragraph (2)(iii) of this
[subsection does not apply to] SUBSECTION, a licensee who provides real estate
brokerage services solely in connection with nonresidential real estate MAY SATISFY
CONTINUING EDUCATION REQUIREMENTS AND RENEW A LICENSE FOR THE NEXT
FULL TERM BY COMPLETING 15 CLOCK HOURS OF INSTRUCTION, UNLESS THE
LICENSEE MEETS THE REQUIREMENTS OF SUBSECTION (A)(2)(II) OF THIS SECTION.
(4) To be acceptable for credit as a continuing education course under
this section, the course shall cover 1 or more topics approved by the Commission.
(c) (1) Continuing education courses may be conducted by:
(i) the Maryland Association of Realtors or its member boards;
(ii) the Real Estate Brokers of Baltimore City, Inc.;
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- 4694 -
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