Section 17-520 - Change in location of office. - Maryland Statutes

§ 17-520. Change in location of office.
 

(a)  Notice of change in location of principal office.- Within the time set by the Commission, a real estate broker shall submit to the Commission: 

(1) written notice of any change in the address of the principal office of the broker on the form that the Commission provides; 

(2) the license certificate and pocket card of the broker; and 

(3) a fee for issuance of a new license certificate and pocket card of $5. 

(b)  Issuance of new license certificate and pocket card.- On receipt of the notice, fee, license certificate, and pocket card, the Commission shall issue a new license certificate and pocket card to the real estate broker for the unexpired period of the broker's license. 

(c)  Notice of change in location of branch office.- Within the time set by the Commission, a real estate broker shall submit to the Commission: 

(1) written notice of any change in the address of a branch office of the broker on the form that the Commission provides; 

(2) the branch office certificate; and 

(3) a fee for the issuance of a new branch office certificate of $5. 

(d)  Issuance of new branch office certificate.- On receipt of the notice, fee, and branch office certificate, the Commission shall issue a new branch office certificate to the real estate broker for the unexpired period of the branch office certificate. 

(e)  Failure to submit notice.- If a real estate broker changes the address of the principal office or a branch office of the broker and fails to submit the required notice, the license of the broker shall be suspended automatically until the broker submits the required notice. 
 

[An. Code 1957, art. 56A, § 4-520; 1989, ch. 3, § 1; 1994, ch. 3, § 13.]