Section 17-205 - Executive director.
§ 17-205. Executive director.
(a) Position and tenure.-
(1) The Secretary shall appoint the executive director of the Commission from a list of 3 nominees submitted by the Commission.
(2) The executive director serves at the pleasure of the Secretary.
(b) Qualifications.- The executive director shall:
(1) possess a broad knowledge of generally accepted practices in the real estate business in the State; and
(2) be reasonably well informed of the general laws that govern agency and contracts for the conveyance or leasing of real estate.
(c) Employment restrictions.-
(1) The executive director shall devote full time to the duties of office.
(2) The executive director may not hold any position or engage in another business that:
(i) interferes with the position of executive director; or
(ii) might conflict with the position of executive director.
(3) While employed by the Commission, the executive director may not:
(i) be licensed in any state as a real estate broker, an associate real estate broker, or a real estate salesperson;
(ii) engage in any act for which a license is required under this title; or
(iii) in connection with any real estate transaction, directly or indirectly receive or become entitled to receive any fee, perquisite, or compensation.
(d) Compensation and reimbursement for expenses.- The executive director is entitled to:
(1) compensation in accordance with the State budget; and
(2) reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(e) Employment classification.- The executive director is a special appointment in the State Personnel Management System.
(f) Surety bond.- While employed as executive director, the executive director shall be covered by a surety bond in the form and amount required by law.
[An. Code 1957, art. 56A, § 4-205; 1989, ch. 3, § 1; 1993, ch. 22, § 1; 1994, ch. 3, § 13; 1997, ch. 743.]