Maryland real estate Question and answers already passed 2024

Maryland real estate Question and answers already passed 2024Maryland real estate Transfer of Affiliation - correct answer Apply to commission for transfer from one broker to another, after obtaining from the new broker a commitment, also need a statement confirming termination from former broker or themselves. Advisable but not required by law the former broker be informed of the details of the transfer. Continuing education sales associate - correct answer 15 clock hours, a clock hour is 50 minutes of actual instruction on a 60 minute course. Must renew license every 2 years from date you activate your license, required CEU's -Agency 3 hours -Fair Housing 1 1/2 hours - Ethics, Flipping, Predatory Lending 3 hours - Legislative 3 hours - Your choice 4 1/2 hours Total 15 hours Commission issues three levels of license for individuals, - correct answer Broker, associate broker and salesperson Commission has subtypes of each level - correct answer Resident, non-resident, reciprocal or temporary, for commercial, Associate Broker a