(a) (1) The Commission shall place the license of a real estate broker on inactive status if the real estate broker:
(i) requests that the license of the broker be placed on inactive status; and
(ii) surrenders the license certificate and pocket card of the broker to the Commission.
(2) The Commission shall place the license of an associate real estate broker or a real estate salesperson on inactive status if:
(i) the associate broker or salesperson no longer is affiliated with the licensed real estate broker whose firm is named in the license certificate of the associate broker or salesperson; or
(ii) the associate broker or salesperson:
1. requests that the license of the associate broker or salesperson be placed on inactive status; and
2. surrenders the license certificate and pocket card of the associate broker or salesperson to the Commission.
(b) (1) A licensee whose license is on inactive status may not provide real estate brokerage services through that license.
(2) The placement of a license on inactive status does not affect the power of the Commission to suspend or revoke the license or to take any other disciplinary action against the licensee.
(c) Unless a license on inactive status is reactivated, the license expires 3 years after the date it is placed on inactive status.
(d) (1) Subject to paragraph (2) of this subsection, a licensee whose license is on inactive status remains responsible for renewing the license as required under § 17–314 of this subtitle.
(2) Subject to the 3–year limitation under subsection (c) of this section, a licensee may renew a license while it is on inactive status if the licensee complies with the continuing education requirements of § 17–315 of this subtitle.
(e) (1) The Commission shall reactivate the license of a real estate broker that is on inactive status and reissue a license certificate and pocket card to the broker if the broker:
(i) requests that the license be reactivated;
(ii) pays to the Commission a reissuance fee set by the Commission; and
(iii) meets the continuing education requirements that would have been required for renewal of a license under § 17–315 of this subtitle if the license had not been on inactive status.
(2) The Commission shall reactivate the license of an associate real estate broker or a real estate salesperson that is on inactive status and reissue a license certificate and pocket card to the associate broker or salesperson if the associate broker or salesperson:
(i) requests that the license be reactivated;
(ii) pays to the Commission a reissuance fee set by the Commission;
(iii) meets the continuing education requirements that would have been required for renewal of a license under § 17–315 of this subtitle if the license had not been on inactive status; and
(iv) submits to the Commission adequate evidence that the associate broker or salesperson has obtained, from a licensed real estate broker, a commitment providing that the associate broker or salesperson shall become affiliated with the broker as an associate real estate broker or a real estate salesperson on reactivation of the license of the associate broker or salesperson.