Commission. The Racing Fund and the Relief Fund of the Maryland
Racing Commission are both administered by this agency (Code
1939, 1947 Supp. Art. 78B, secs. 1- 2, 6-18, 22)..

The receipts of the Commission from the following sources are
distributed by the Comptroller of the Treasury in accordance with
law:.

Receipts from Mile Tracks: 50 percent General Fund; 50 percent
to Counties and Baltimore City..

Tax on Wagers: Half Mile Tracks: 50 percent General Funds;
25 percent Baltimore City; 25 percent Maryland State Fair Board..

Breakage from Half Mile Tracks: 100 percent Maryland State
Fair Board..

Publications: Annual Report of the Maryland Racing
Commission, 1946,1947..

Maryland Racing Law, 1946.
The Rules of Racing, 1947..

Appropriations and Receipts: 1948 1949
Appropriations from General.

Funds $33,654 $34,030
Receipts (Estimated) $4,965,500* $4,965,500*
*Distributed as follows:
Political Sub-divisions: $2,307,750.
Maryland State Fair Board: $247,250.
Staff: full time, 3; part time, 12..

REAL ESTATE COMMISSION.

Chairman: M. A. Powers, Chief License Inspector
Arthur H. Seidenspinner, 1949; Charles H. Steffey, 1951.
William G. Nicholson, Executive Secretary
702 Davison Building, Baltimore 1 Telephone: Lexington 0781.

The Real Estate Commission was established in 1939. The Commis-
sion is composed of three members, one of whom is the Chief License
Inspector of the State License Bureau, who also acts as Chairman.
The remaining two members are appointed by the Governor for four
year terms. Both appointive members must have been actively en-
gaged in the real estate business for ten years prior to appointment;
and one must be a resident of Baltimore City and the other a resident
elsewhere in the State. The Commission licenses all real estate agen-
cies, brokers and salesmen doing business or wishing to do business
in Maryland. The Commission has the power to revoke, refuse or
suspend the license of any agency or person violating the State real
estate laws, or for unethical conduct (Code 1939, Art. 56, secs.
344-350)..

Publications: Roster of Licensed Real Estate Brokers,.

Associate Brokers, and Salesmen, 1946, 1947.
Appropriations: 1948 1949.

General Funds - $13,179 $13,179
Staff: 3..