WILLIAM DONALD SCHAEFER, Governor

Ch. 3

(II)  REMOVE A SUSPENSION; OR

(III)  PERIODICALLY RENEW A SUSPENSION FOR A
PERIOD NOT EXCEEDING 24 MONTHS.

(2) IN DETERMINING WHETHER TO MODIFY, REMOVE, OR
RENEW A SUSPENSION, THE COMMISSION SHALL FOLLOW THE SAME
REQUIREMENTS FOR ORIGINALLY IMPOSING A SUSPENSION UNDER
SUBSECTION (B) OF THIS SECTION.

(D) JUDICIAL REVIEW.

ANY PERSON AGGRIEVED BY A SUSPENSION MAY TAKE AN APPEAL TO
THE CIRCUIT COURT OF ANY COUNTY.

REVISOR'S NOTE: This section formerly appeared as Art. 56A,
§ 4-522.

There are no changes.

Defined terms: "Commission" § 16-101
"County" § 1-101 "Person" § 1-101
"Real estate" § 16-101

16-523. NOTICE ABOUT TAXES.

(A)  REQUIRED.

EACH REAL ESTATE CONTRACT SUBMITTED TO A PARTY BY A REAL
ESTATE BROKER, AN ASSOCIATE REAL ESTATE BROKER, OR A REAL ESTATE
SALESPERSON FOR USE IN THE SALE OF RESIDENTIAL PROPERTY USED AS A
DWELLING PLACE FOR ONE OR TWO SINGLE-FAMILY UNITS SHALL CONTAIN,
IN THE MANNER PROVIDED UNDER SUBSECTION (B) OF THIS SECTION, THE
FOLLOWING STATEMENT, AS REQUIRED BY § 14-120 OF THE REAL PROPERTY
ARTICLE:

"SECTION 14-104 OF THE REAL PROPERTY ARTICLE OF THE
ANNOTATED CODE OF MARYLAND PROVIDES THAT, UNLESS
OTHERWISE NEGOTIATED IN THE CONTRACT OR PROVIDED BY
LOCAL LAW, THE COST OF ANY RECORDATION TAX OR ANY
STATE OR LOCAL TRANSFER TAX SHALL BE SHARED EQUALLY
BETWEEN THE BUYER AND SELLER."

(B)  PRINT.

THE STATEMENT REQUIRED UNDER SUBSECTION (A) OF THIS SECTION
SHALL BE PRINTED IN CONSPICUOUS TYPE OR HANDWRITTEN IN THE
CONTRACT OR AN ADDENDUM TO THE CONTRACT.

(C)  EFFECT OF OMISSION.

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