§ 17-319. Death of real estate broker and reissuance of license
West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2023
Effective: October 1, 2023
MD Code, Business Occupations & Professions, § 17-319
§ 17-319. Death of real estate broker and reissuance of license
(a) In this section, “disability” means a total and permanent disability that renders a broker unable to perform real estate brokerage services.
(b)(1) Subject to paragraph (2) of this subsection and subsection (c) of this section, on the disability or death of a licensed real estate broker, any adult member of the family of the disabled or deceased broker may carry on the business of the disabled or deceased broker for up to 6 months for the purposes of closing and terminating the business.
(c) To qualify to carry on the business of a disabled or deceased real estate broker, a family member shall:
(d)(1) The Commission shall reissue the license of a disabled or deceased real estate broker to a family member who qualifies to carry on the business of the broker under subsection (c) of this section.
(e) Before the end of the 6-month period for carrying on the business of a disabled or deceased real estate broker, an individual may qualify for the license of the disabled or deceased broker if:
(f) The Commission shall reissue the license of a disabled or deceased real estate broker to an individual who qualifies for the license of the broker under subsection (e) of this section.
(g)(1) An individual who qualifies for and is reissued the license of a disabled or deceased real estate broker may hold the license for up to 4 years from the time of reissuance without meeting the educational requirements for a real estate broker license under § 17-305 of this subtitle.
(4) If an individual who has been reissued the license of a disabled or deceased real estate broker meets the educational requirements for a real estate broker license within the 4-year period, the individual may continue to hold the license and may renew the license under § 17-314 of this subtitle.
Credits
Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Renumbered from Business Occupations and Professions § 16-319 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2018, c. 77, § 1, eff. Oct. 1, 2018; Acts 2018, c. 78, § 1, eff. Oct. 1, 2018; Acts 2023, c. 516, § 1, eff. Oct. 1, 2023.
Formerly Art. 56A, § 4-319.
MD Code, Business Occupations & Professions, § 17-319, MD BUS OCCUP & PROF § 17-319
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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