III. Assumptions. (Identified by Impact Letter and Number from
D. An applicant who does not successfully complete both portions of the broker licensing examination
within 1 year of finishing a prelicensing course would have to take a new prelicensing course.
Economic Impact on Small Businesses
The proposed action has minimal or no economic impact on small businesses.
Impact on Individuals with Disabilities
The proposed action has no impact on individuals with disabilities.
Opportunity for Public Comment
Comments may be sent to Katherine Connelly, Executive Director, Real Estate Commission, 500 North
Calvert Street, Third Floor, Baltimore, MD 21202, or call 410-230-6227, or email to
firstname.lastname@example.org, or fax to
410-333-0023. Comments will be accepted through July 8, 2013. A public hearing has not been scheduled.
Final action on the proposal will be considered by the Real Estate Commission during a public
meeting to be held on July 17, 2013, at 10:30 a.m., at 500 N. Calvert Street, Third Floor,
Baltimore, MD 21202.
.14 Instruction in Real Estate Principles [&] and Practice for Brokers.
A. ó E. (text unchanged)
F. Experience Requirement for Broker. An individual who demonstrates by evidence satisfactory
to the Commission active, regular, and lawful engagement in real estate practice as a licensed salesperson
or broker in good standing for at least the 3 years immediately preceding submission of the application
in Maryland or any other jurisdiction of the United States, District of Columbia, or United States
territories may be deemed to have satisfied the 3 years experience as a salesperson required for licensure
as a broker.
[F.] G. Waiver of Educational Requirement for Broker. An individual who demonstrates
by evidence satisfactory to the Commission [that he has actively and regularly engaged] active,
regular, and lawful engagement
in real estate practice as a licensed real estate broker in good standing
in a jurisdiction other than Maryland for at least 3 [of the 5] years immediately preceding
submission of [his] the application may be deemed to have satisfied the educational requirement for broker.
H. Licensing Examination.
(1) Subject to ßH(2) and (3) of this regulation, an applicant for a brokerís
license shall have 1 year from full completion of prelicensing education requirements to pass both
portions of the broker licensing examination. An applicant who does not pass both portions of the
licensing examination within 1 year of completion of the requirements shall complete a new set of
prelicensing education requirements in order to be eligible to take or retake the examination.
(2) An applicant who has fully completed prelicensing education requirements
more than 1 year prior to August 31, 2013, shall pass both portions of the brokerís licensing
examination no later than February 28, 2014.
(3) An applicant who has fully completed prelicensing education requirements
less than 1 year prior to August 31, 2013, shall pass both portions of the brokerís licensing
examination within 1 year of completion of the requirements to avoid the need to complete a new
set of prelicensing education requirements.
[G.] I. Application for Licensure. An applicant who has successfully completed
both portions of the licensing exam shall apply for licensure within 1 year of successfully
completing the exam in order for the applicantís test results to remain valid. [All applicants
who have successfully completed both portions of the licensing exam more than 1 year before the
effective date of this section shall apply for licensure not later than January 1, 1998.]
J. NICHOLAS DĎAMBROSIA
Real Estate Commission