On Apr. 2, MD LEG passed bill on real estate branches and managers.
MD LEG passed SB 462, HB 709 relating to the ability of a licensed real estate broker to declare him or herself as a branch office manager after obtaining branch certificate.
Senate bill repeals and reenacts MD LEG 17-518 with amendments re branches.
Allows licensed broker to appoint him or herself or a third party as branch manager.
Legislative History
On Jan. 22, 2024 bill introduced in Senate; on Feb. 27, 2024, bill passed Senate.
On Feb. 28, 2024, bill introduced in House; on Apr. 2, 2024, bill passed House.
Effectiveness
Upon approval by governor or veto override, bill will be effective Oct. 1, 2024.
Apr. 2024 MD LEG Governor Approval
On Apr. 25, 2024, MD LEG approved SB 462, HB 709, assigned Ch. 332 and Ch. 331.
