WILLIAM DONALD SCHAEFER, Governor

Ch. 3

ON RECEIPT OF THE APPLICATION, FEE, AND ANY REQUIRED
DOCUMENTATION, THE COMMISSION SHALL ISSUE, TO THE LICENSEE, A NEW
LICENSE CERTIFICATE AND POCKET CARD CONTAINING THE NEW NAME OF
THE LICENSEE OR FIRM.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-318.

The only changes are in style.

Defined terms: "Commission" § 16-101
"License" § 16-101

16-319. DEATH OF REAL ESTATE BROKER.

(A)  SHORT TERM CONTINUATION OF BUSINESS.

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)  QUALIFYING TO CARRY ON BUSINESS.

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)  TEMPORARY REISSUANCE OF LICENSE.

(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)  QUALIFYING FOR LICENSE.

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;

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