Section 17-319 - Death of real estate broker.
§ 17-319. 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;
(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) Reissuance of license.- 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) Renewal.-
(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.
[An. Code 1957, art. 56A, § 4-319; 1989, ch. 3, § 1; 1994, ch. 3, § 13.]