ROBERT L. EHRLICH, JR., Governor                             Ch. 541

(a) (1) To qualify for renewal of a license under this subtitle, a licensee shall
[complete:

(i) in the license term that begins in 1992, at least 12 clock hours of
continuing education instruction, as provided in this section, during each 2-year
license term; and

(ii) in and after the license term that begins in 1996,] COMPLETE
at least 15 clock hours of continuing education instruction IN AND AFTER THE
LICENSE TERM THAT BEGINS IN 1996, as provided in this section, during the
preceding 2-year term.

(2) Notwithstanding paragraph (1) of this subsection:

(i) a licensee who is granted a license during the second year of a
license term may renew a license for the next full term without complying with the
continuing education requirements of this section; and

[(ii) a licensee who has been licensed for 10 years or more may
satisfy the continuing education requirements and renew a license for the next full
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 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; OR

2. POSSESSES A GRADUATE DEGREE IN REAL ESTATE FROM
AN ACCREDITED COLLEGE OR UNIVERSITY.

(3)     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.

(4)     THE COMMISSION SHALL GRANT THE SUBSTITUTION OF CLOCK
HOURS IN 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.

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