The matter shall be heard by a panel selected as set forth in Regulation .06A. The title of the case shall be called, and all persons summoned or who intend to give testimony shall be sworn. The Chairman shall explain briefly the purpose and nature of the hearing, and shall recite the charges brought against the licensee, giving reference to the particular statute and sections thereof. Counsel for any interested party may be heard for any preliminary objections, exceptions, or motions, provided counsel represents a person whose property rights may be affected by the hearing. Introduction for identification only of any contracts, checks, notices, receipts, letters, files, or other documents relevant to the charges shall be proffered. The Counsel for BISM shall conduct the initial examination of the witnesses and then any person subject to penalties under the law or his counsel shall be permitted to cross examine the witnesses, after which, the counsel for BISM may examine the witness on redirect examination. Any person subject to penalty under the law may introduce any testimony or other evidence in rebuttal or of an affirmative nature. Any witness so introduced shall be subject to cross examination. Counsel for BISM or any person subject to penalty under the law or through his attorney may make any statement or argument relevant to the hearing. The rules of evidence of the Administrative Procedure Act, Article 41, §252, Annotated Code of Maryland, shall apply. A copy of the section shall be furnished to the parties at or before the hearing. The hearing panel shall file in BISM's office its findings which may result in suspension or revocation of the respondent's license or a reprimand to the respondents and a statement of all facts considered by them upon which the findings are based. A copy of the findings shall be given to each party involved.