§ 17-316. Inactive status of real estate broker license
West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2023
Effective: October 1, 2023
MD Code, Business Occupations & Professions, § 17-316
§ 17-316. Inactive status of real estate broker license
(a)(1) The Commission shall place the license of a real estate broker on inactive status if the real estate broker:
(b)(1) A licensee whose license is on inactive status may not provide real estate brokerage services through that license.
(c) Unless a license on inactive status is reactivated, the license expires 3 years after the date it is placed on inactive status.
(d)(1) Subject to paragraph (2) of this subsection, a licensee whose license is on inactive status remains responsible for renewing the license as required under § 17-314 of this subtitle.
(e) If a person whose license is on inactive status fails to reactivate the license before the license expires under subsection (c) of this section, the person must comply with the requirements under §§ 17-301 through 17-308 of this subtitle in order to obtain a license.
(f)(1) The Commission shall reactivate the license of a real estate broker that is on inactive status and reissue a license certificate and pocket card to the broker if the broker:
(iv) submits to the Commission adequate evidence that the associate broker or salesperson has obtained, from a licensed real estate broker, a commitment providing that the associate broker or salesperson shall become affiliated with the broker as an associate real estate broker or a real estate salesperson on reactivation of the license of the associate broker or salesperson.
Credits
Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 1991, c. 442. Renumbered from Business Occupations and Professions § 16-316 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2005, c. 399, § 1, eff. July 1, 2006; Acts 2011, c. 207, § 1, eff. Oct. 1, 2011; Acts 2023, c. 339, § 1, eff. Oct. 1, 2023.
Formerly Art. 56A, § 4-316.
MD Code, Business Occupations & Professions, § 17-316, MD BUS OCCUP & PROF § 17-316
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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