2013 Maryland Code
BUSINESS OCCUPATIONS AND PROFESSIONS
§ 17-319 - Death of real estate broker

§17-319.

(a) Subject to the provisions of subsection (b) of this section, on the death of a licensed real estate broker, any adult member of the family of the deceased broker may carry on the business of the deceased broker for up to 6 months for the purposes of closing and terminating the business.

(b) To qualify to carry on the business of a deceased real estate broker, a family member shall:

(1) surrender the license certificate and pocket card of the deceased real estate broker to the Commission; and

(2) submit to the Commission any information or documentation required by the Commission.

(c) (1) The Commission shall reissue the license of a deceased real estate broker to a family member who qualifies to carry on the business of the broker under subsection (b) of this section.

(2) The term of the reissuance shall be 6 months.

(d) Before the end of the 6-month period for carrying on the business of a deceased real estate broker, an individual may qualify for the license of the deceased broker if:

(1) the individual is a member of the immediate family of the deceased broker;

(2) the individual has been continuously licensed as a real estate salesperson for the immediately preceding 3 years;

(3) regardless of whether the individual has met the educational requirements for a real estate broker license under § 17-305 of this subtitle, the individual passes the real estate broker’s examination under § 17-306 of this subtitle;

(4) the individual surrenders the real estate salesperson license certificate and pocket card of the individual to the Commission; and

(5) there has been compliance with the requirements of subsection (b) of this section.

(e) The Commission shall reissue the license of a deceased real estate broker to an individual who qualifies for the license of the broker under subsection (d) of this section.

(f) (1) An individual who qualifies for and is reissued the license of a 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.

(2) Subject to the 4-year restriction under paragraph (1) of this subsection, an individual who has been reissued the license of a deceased real estate broker is responsible for renewing the license as required under § 17-314 of this subtitle.

(3) If an individual who has been reissued the license of a deceased real estate broker does not meet the educational requirements for a real estate broker license within the 4-year period, the license shall expire automatically at the end of that period.

(4) If an individual who has been reissued the license of a 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.