The Secretary shall appoint the executive director of the Commission from a list of 3 nominees submitted by the Commission. The executive director serves at the pleasure of the Secretary. The executive director may not hold any position or engage in another business that: interferes with the position of executive director; or might conflict with the position of executive director. While employed by the Commission, the executive director may not: be licensed in any state as a real estate appraiser or a home inspector; engage in any act for which a license is required under this title; or in connection with any real estate appraisal transaction or home inspection engagement, directly or indirectly receive or become entitled to receive any compensation, fee, or perquisite. The executive director is entitled to: compensation in accordance with the State budget; and reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget. The executive director is a special appointment in the State Personnel Management System. While employed as executive director, the executive director shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5–108 of the State Government Article.