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Martin O'Malley, Governor
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Ch. 274
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(5) engaging in a business that subdivides land that is located in any
state and sells the divided lots; or
(6) for consideration, serving as a consultant regarding any activity
set forth in items (1) through (5) of this subsection.
17-207.
(a) To protect the interests of the public, the Commission shall adopt, by
regulation, a code of ethics to set standards of conduct for all individuals licensed
under this title.
(b) The Commission:
(1) at least once every 2 years, shall provide a copy of the code of ethics
to each licensee; and
(2) on request of any person, shall make available a copy of the code of
ethics to that person.
17-301.
(a) (1) Except as otherwise provided in this title, an individual shall be
licensed by the Commission as a real estate broker before the individual may provide
real estate brokerage services in the State.
(2) Except as otherwise provided in this title, an individual shall be
licensed by the Commission as an associate real estate broker or a real estate
salesperson before the individual, while acting on behalf of a real estate broker, may
provide real estate brokerage services in the State.
(b) A license is not required for:
(1) a financial institution, as defined in Title 1 of the Financial
Institutions Article, a subsidiary or affiliate of such a financial institution, or
mortgage loan institution incorporated under the laws of any state or of the United
States to manage, lease, or sell any property that the institution or subsidiary or
affiliate of a financial institution acquires in connection with a mortgage foreclosure or
deed or assignment in lieu of foreclosure;
(2) a lawyer who:
(i) is not engaged regularly in the business of providing real
estate brokerage services; and
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- 1775 -
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