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§ 17-314. Expiration and renewal of license

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2017

West's Annotated Code of Maryland
Business Occupations and Professions
Title 17. Real Estate Brokers (Refs & Annos)
Subtitle 3. Licensing (Refs & Annos)
Effective: October 1, 2017
MD Code, Business Occupations & Professions, § 17-314
§ 17-314. Expiration and renewal of license
Currentness
Real estate broker licenses
(a) Except as provided in subsection (c) of this section, unless a real estate broker license is renewed for a 2-year term as provided in this section, the license expires on the first March 1 that comes:
(1) after the effective date of the license; and
(2) in an even-numbered year.
Associate real estate broker or real estate salesperson licenses
(b) Except as provided in subsection (c) of this section, unless an associate real estate broker or real estate salesperson license is renewed for a 2-year term as provided in this section, the license expires on the first April 30 that comes:
(1) after the effective date of the license; and
(2) in an even-numbered year.
Staggered expiration dates
(c) The Secretary may determine that licenses issued under this title shall expire on a staggered basis.
Notice of expiration
(d)(1) At least 1 month before a license expires, the Commission shall mail or electronically transmit to the licensee, as provided in paragraph (2) of this subsection:
(i) a renewal application form; and
(ii) a notice that states:
1. the date on which the current license expires; and
2. the amount of the renewal fee.
(2)(i) If the licensee is a real estate broker, the Commission shall mail or electronically transmit the renewal application form and notice to the principal office of the broker.
(ii) If the licensee is an associate real estate broker or a real estate salesperson, the Commission shall mail or electronically transmit the renewal application form and notice to the principal office of the real estate broker with whom the licensee is affiliated.
(3) If an electronic transmission under paragraph (1) or (2) of this subsection is returned to the Commission as undeliverable, the Commission shall mail to the licensee, at the last known address of the licensee, the materials required under paragraph (1) of this subsection within 10 business days of the date the Commission received the notice that the electronic transmission was undeliverable.
Grounds for renewal
(e) Before a license expires, the licensee periodically may renew it for an additional 2-year term, if the licensee:
(1) otherwise is entitled to be licensed;
(2) pays to the Commission a renewal fee set by the Commission;
(3) submits to the Commission a renewal application on the form that the Commission provides;
(4) submits to the Commission the original certificate of completion verifying that the licensee has complied with the continuing education requirements under § 17-315 of this subtitle;
(5) notifies the Commission of the name of each real estate broker with whom the licensee then is affiliated; and
(6) for the renewal of a real estate broker license:
(i) submits to the Commission, by a credit reporting agency approved by the Commission, a credit report that contains the information required by the Commission; or
(ii) pays to the Commission or the Commission's designee a credit report fee in an amount not to exceed the cost charged by a credit reporting agency approved by the Commission to obtain a credit report that contains the information required by the Commission for renewal of a real estate broker license.
Duty of Commission to renew license
(f) The Commission shall renew the license of and issue a renewal certificate and pocket card to each licensee who meets the requirements of this section.
Reinstatement of expired license
(g) The Commission shall reinstate the license of a licensee under this title whose license has expired if the licensee:
(1) applies to the Commission for reinstatement within 3 years after the license expires;
(2) meets the requirement of good character and reputation;
(3) complies with the applicable continuing education requirement for the period during which the individual was not licensed; and
(4) pays to the Commission a reinstatement fee set by the Commission.

Credits

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 1989, c. 218, § 2; Acts 1991, c. 492; Acts 1993, c. 94. Renumbered from Business Occupations and Professions § 16-314 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 1998, c. 49, § 1, eff. Oct. 1, 1998; Acts 2005, c. 399, § 1, eff. July 1, 2006; Acts 2011, c. 207, § 1, eff. Oct. 1, 2011; Acts 2017, c. 246, § 1, eff. Oct. 1, 2017; Acts 2017, c. 247, § 1, eff. Oct. 1, 2017.
Formerly Art. 56A, § 4-314.
MD Code, Business Occupations & Professions, § 17-314, MD BUS OCCUP & PROF § 17-314
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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