Maryland Real Estate Practice Exam with Verified Solutions

Maryland Real Estate Practice Exam with Verified Solutions Maryland real estate license law is administered by the Maryland Real Estate Commission How are members of the Real Estate Commission selected? By the Governor, with the advice and consent of the state senate and the advice of the Secretary of Labor, Licensing, and Regulation. What is the total number of Real Estate Commissioners in Maryland? nine What is the total number of members who hold real estate licenses on the Real Estate Commissioners in Maryland? five What is the total number of consumer members on the Real Estate Commissioners in Maryland? four A professional member of the commission must have been licensed as a real estate broker, associate, or salesperson for at least ten years and residents in area which appointed for five years immediately before appointment Commission members terms is four years, staggered, and all terms begin on June 1 Replacement commission members may serve for the rest of the term and until a qualified successor is appointed The chairman of the Real Estate commission is elected annually from among the Commission members When a complaint is lodged against a licensee, the results of the investigation of the complaint will be considered by a hearing board that consists of at least one professional commissioner, one consumer commissioner, third commssioner of either professional or consumer The decision of a hearing board is final and my not be appealed The entire commission is not required to act as a hearing board except to hear a complaint that had been dismissed but recalled for review within 30 days at the request of a member of the Commission When the MD Real Estate Commission sends a copy of a complaint against the Guaranty Fund based on actions of a salesperson and requests a written response, the broker and salesperson must respond in writing to the Commission within 20 days If a complaint is dismissed and not referred for investigation any member of the commission may file an exception to the dismissal within 30 days A complaint is dismissed and then a commissioner files an exception, the full commission then reviews the complaint and if dismissed a second time, the decision is considered final and may be appealed to the appropriate court When a complaint is referred for investigation what must take place before a hearing is held? notice must be served, personally or by certified mail, on the broker or the broker of the affiliate at least ten days prior to a hearing If proper notice is given to licensee for hearing and licensee fails to appear for the hearing the commission may hear and determine the case based on facts presented, guilt or innocence is not determined automatically