QUESTIONS WITH CORRECTANSWERS 2026 b b b b
Ruthe is fed up with her agent's lazy and irresponsible behavior. On top of his usual incompete nce,
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her checking account was just hacked because he misplaced her $10,000 EMD check. She' s lost
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$5,000 and has to pay $50 in bank fees, too. With which entity should she file a complai nt?
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The chamber of commerce
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The Guaranty Fund
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The Maryland Real Estate Commission
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The state attorney general - CORRECT ANSWER -The Maryland Real Estate Commission
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Even if Ruthe wishes to seek damages from the Guaranty Fund, she must file the complaint thr
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ough the Maryland Real Estate Commission. Complaints must be filed within three years of the
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transaction date.
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In Maryland, how many hours of approved real estate courses must an individual complete bef ore
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taking the real estate salesperson exam?
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120
30
60
,75 - CORRECT ANSWER -60
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The real estate salesperson license requires 60 hours of approved real estate courses before ta
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king the exam
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Which of the following is true regarding claims made against the Guaranty Fund?
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They can be made for pain and suffering.
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They can only be made for actual monetary damages incurred.
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They must be made in person.
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They must be made within five years of the act giving rise to the claim - CORRECT ANSWER - They
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can only be made for actual monetary damages incurred.
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*Claims can be made online, but are limited to actual monetary damages incurred and must b e
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made within three years of the act giving rise to the claim.
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In order to qualify as one of the five real estate professional members of the Maryland Real Est ate
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Commission board, how many years of real estate experience must you have?
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10
five
,seven
six - CORRECT ANSWER -10
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In order to qualify, you must have at least 10 years of real estate experience as a licensee prior to
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your appointment. This requirement does not apply to the four appointed consumer memb ers of
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the board
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Artie, a real estate licensee, is a convicted felon, and although he served his time, he has had s ome
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administrative sanctions that call into question his trustworthiness to serve the public. W hat is the
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maximum sanction the MREC may impose?
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License revocation b
License suspension b
One year in prison b b b
Three years in prison and license revocation - CORRECT ANSWER -License Revocation
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*The commission will revoke a license of a convicted felon if the licensee demonstrates contin ued
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issues with trustworthiness.*
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How do you change your supervising broker in Maryland?
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File an affidavit from both brokerages approving the switch at the county clerk's office.
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, Just start working at the new brokerage.
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Submit a statement of affiliation from the new broker and a statement of affiliation terminatio n
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from the former broker along with your transfer application to the commission.
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Tell your current brokerage you're leaving after your license is transferred to the new brokerag
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e. - CORRECT ANSWER -
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Submit a statement of affiliation from the new broker and a statement of affiliation terminatio n
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from the former broker along with your transfer application to the commission.
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*When changing brokerages, you must submit a statement of affiliation from the new broker a nd
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a statement of affiliation termination from the former broker along with your transfer appli
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cation.*
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DeShawn has been licensed as a salesperson in Maryland for 18 months. Which of the followin g
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statements is true about his upcoming license renewal?
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DeShawn must complete 18 hours of continuing education in order to qualify for renewal.
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DeShawn must complete his continuing education at least 14 days before his license's expiratio n
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date.
b
Since this is his first renewal period, DeShawn only needs to complete 12 hours of continuing e
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ducation.
b
The commission will send DeShawn a renewal reminder 30 days before his license's expiration
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date. - CORRECT ANSWER -
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The commission will send DeShawn a renewal reminder 30 days before his license's expiration
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date
b