Proposal to make Md. real estate panel self-sufficient stalls

REAL ESTATE WATCH

March 21, 2004|By James Gallo

A proposal to make the Maryland Real Estate Commission self-sufficient by increasing licensing fees is not likely to be approved by the General Assembly this year, members of the commission said last week.

The nine-member panel had pushed legislation to create a fund to set fees for the state's 40,000 real estate agents and brokers. The commission, now funded through the state's general fund, has become overwhelmed with more people entering the real estate industry, officials said.

Steven VanGrack, chairman of the commission, said agents and brokers are willing to pay more for their two-year licenses if the funds are directed toward regulating the real estate industry. But commission members said some state lawmakers are concerned about giving up control over setting the fees.

James Cason, assistant to Del. Dereck E. Davis, a Prince George's County Democrat who is chairman of the Economic Matters Committee, where the bill was assigned, said the legislation has not been scheduled for a committee vote.

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