(a)(1) The Secretary shall appoint the executive director of the Commission from a list of 3 nominees submitted by the Commission.
(2) The executive director serves at the pleasure of the Secretary.
Knowledge of real estate business practices, general laws
(b) The executive director shall:
(1) possess a broad knowledge of generally accepted practices in the real estate business in the State; and
(2) be reasonably well informed of the general laws that govern agency and contracts for the conveyance or leasing of real estate.
Restrictions
(c)(1) The executive director shall devote full time to the duties of office.
(2) The executive director may not hold any position or engage in another business that:
(i) interferes with the position of executive director; or
(ii) might conflict with the position of executive director.
(3) While employed by the Commission, the executive director may not:
(i) be licensed in any state as a real estate broker, an associate real estate broker, or a real estate salesperson;
(ii) engage in any act for which a license is required under this title; or
(iii) in connection with any real estate transaction, directly or indirectly receive or become entitled to receive any fee, perquisite, or compensation.
Compensation, reimbursement for expenses
(d) The executive director is entitled to:
(1) compensation in accordance with the State budget; and
(2) reimbursement for expenses under the Standard State Travel Regulations,1 as provided in the State budget.
Status in State Personnel Management System
(e) The executive director is a special appointment in the State Personnel Management System.
Surety bond requirement
(f) While employed as executive director, the executive director shall be covered by a surety bond in the form and amount required by law.
Credits
Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 1993, c. 22, § 1. Renumbered from Business Occupations and Professions § 16-205 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 1997, c. 743, § 1, eff. Oct. 1, 1997.
MD Code, Business Occupations & Professions, § 17-205, MD BUS OCCUP & PROF § 17-205
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
