MD REAL ESTATE LICENSING EXAM
SECTION 25 QUESTIONS AND
ANSWERS
MD Real Estate Commission - CORRECT ANSWERS ✅✅ --governor appoints ALL
members
-commission holds 12 public meetings a year (1/month)
-any member of the public wanting to be heard may do so by giving reasonable notice
to the commission
-chairman serves a one-year term w the possibility of reelection
-chairperson must be covered by a surety bond serving as a chair
-5 real estate professionals
-4 consumers
-9 members total
-four year terms
-has an executive director
-no monthly dues required
the 5 real estate professionals on the board of MD Real Estate Commission must have:
- CORRECT ANSWERS ✅✅ -1) held a MD real estate license for at least 10 years
2) resided in areas from which they are appointed for at least 5 years
the 4 consumers on the board of MD Real Estate Commission: - CORRECT
ANSWERS ✅✅ -1) may not be licenses (or have been licensed in the year prior to
their appointment) and may not have a financial interest in or have received
compensation from a person regulated by the commission
2) consumer members must not receive any compensation from any party the
commission regulates during their term of service
Executive Director of MD Real Estate Commission - CORRECT ANSWERS ✅✅ --
NOT A MEMBER
-appointed by Secretary if the MD Dept. of Labor, Licensing, and Registration (DLLR)
-is a full-time state employee who must be knowledgable about real estate and must
NOT be a licensee while serving
Duties of the MD Real Estate Commission (MREC) - CORRECT ANSWERS ✅✅ --
adopt a code of ethics and distribute it to licensees EVERY 2 YEARS
, -file an annual report to the DLLR secretary
-set standards for and approve real estate education courses
-resolve consumer complaints brought against licensees
MREC Powers - CORRECT ANSWERS ✅✅ --investigate complaints against real
estate licensees or unlicensed individuals who are allegedly practicing real estate
-adopt reasonable bylaws and regulations regarding real estate practice and licensee
conduct, and oversees license application, insurance, and renewal
-issue, deny, and suspend/revoke licenses; certify license status
-seek injunctions against license law violators
-subpoena witnesses and administer oaths of hearings
-levy civil penalties for as much as $25,000 per violation ($5,000 for the first offense,
$15,000 for the second offense,
$25,000 for third and subsequent offenses)
*MREC can't legally imprison someone, but violations are considered misdemeanors
The specific licensee acts that may result in prison sentences include: - CORRECT
ANSWERS ✅✅ --Improper handling of trust money
-Discriminatory real estate practices in Baltimore City or Montgomery County
-Mass solicitation of listings that violates Baltimore City and County laws
-Failure to disclose agency relationship to opposing parties or their agents
-Violating duties to one's client, including improper performance of dual agency and
improper presentation of the Property Condition Disclosure and Disclaimer Statement
-A salesperson misrepresenting license status as that of a broker
-Using unauthorized individuals to perform licensed activities
-Illegal payment of compensation
-Payment to nonlicensed lawyers for referrals; some mass solicitation
-Violating advertising requirements for ground rental signage
-Tie-in arrangements
-Discriminatory representation (blockbusting, steering)
-Misstatement of facts in Guaranty Fund complaints
-Violating a suspension order in a designated real estate conservation area
If you are convicted of blockbusting or other discriminatory real estate practices in
Baltimore City or Montgomery County, Maryland courts are required to - CORRECT
ANSWERS ✅✅ -to report this to the commission for additional appropriate action
Prison or no prison possible?
Antonio tells a seller that he can offer them a special commission rate if they use the
title company he recommends. - CORRECT ANSWERS ✅✅ -Prison possible
Common License Law Violations - CORRECT ANSWERS ✅✅ --Demonstrating
untrustworthiness or incompetency to act as a real estate broker or salesperson
-Making any substantial and willful misrepresentations
SECTION 25 QUESTIONS AND
ANSWERS
MD Real Estate Commission - CORRECT ANSWERS ✅✅ --governor appoints ALL
members
-commission holds 12 public meetings a year (1/month)
-any member of the public wanting to be heard may do so by giving reasonable notice
to the commission
-chairman serves a one-year term w the possibility of reelection
-chairperson must be covered by a surety bond serving as a chair
-5 real estate professionals
-4 consumers
-9 members total
-four year terms
-has an executive director
-no monthly dues required
the 5 real estate professionals on the board of MD Real Estate Commission must have:
- CORRECT ANSWERS ✅✅ -1) held a MD real estate license for at least 10 years
2) resided in areas from which they are appointed for at least 5 years
the 4 consumers on the board of MD Real Estate Commission: - CORRECT
ANSWERS ✅✅ -1) may not be licenses (or have been licensed in the year prior to
their appointment) and may not have a financial interest in or have received
compensation from a person regulated by the commission
2) consumer members must not receive any compensation from any party the
commission regulates during their term of service
Executive Director of MD Real Estate Commission - CORRECT ANSWERS ✅✅ --
NOT A MEMBER
-appointed by Secretary if the MD Dept. of Labor, Licensing, and Registration (DLLR)
-is a full-time state employee who must be knowledgable about real estate and must
NOT be a licensee while serving
Duties of the MD Real Estate Commission (MREC) - CORRECT ANSWERS ✅✅ --
adopt a code of ethics and distribute it to licensees EVERY 2 YEARS
, -file an annual report to the DLLR secretary
-set standards for and approve real estate education courses
-resolve consumer complaints brought against licensees
MREC Powers - CORRECT ANSWERS ✅✅ --investigate complaints against real
estate licensees or unlicensed individuals who are allegedly practicing real estate
-adopt reasonable bylaws and regulations regarding real estate practice and licensee
conduct, and oversees license application, insurance, and renewal
-issue, deny, and suspend/revoke licenses; certify license status
-seek injunctions against license law violators
-subpoena witnesses and administer oaths of hearings
-levy civil penalties for as much as $25,000 per violation ($5,000 for the first offense,
$15,000 for the second offense,
$25,000 for third and subsequent offenses)
*MREC can't legally imprison someone, but violations are considered misdemeanors
The specific licensee acts that may result in prison sentences include: - CORRECT
ANSWERS ✅✅ --Improper handling of trust money
-Discriminatory real estate practices in Baltimore City or Montgomery County
-Mass solicitation of listings that violates Baltimore City and County laws
-Failure to disclose agency relationship to opposing parties or their agents
-Violating duties to one's client, including improper performance of dual agency and
improper presentation of the Property Condition Disclosure and Disclaimer Statement
-A salesperson misrepresenting license status as that of a broker
-Using unauthorized individuals to perform licensed activities
-Illegal payment of compensation
-Payment to nonlicensed lawyers for referrals; some mass solicitation
-Violating advertising requirements for ground rental signage
-Tie-in arrangements
-Discriminatory representation (blockbusting, steering)
-Misstatement of facts in Guaranty Fund complaints
-Violating a suspension order in a designated real estate conservation area
If you are convicted of blockbusting or other discriminatory real estate practices in
Baltimore City or Montgomery County, Maryland courts are required to - CORRECT
ANSWERS ✅✅ -to report this to the commission for additional appropriate action
Prison or no prison possible?
Antonio tells a seller that he can offer them a special commission rate if they use the
title company he recommends. - CORRECT ANSWERS ✅✅ -Prison possible
Common License Law Violations - CORRECT ANSWERS ✅✅ --Demonstrating
untrustworthiness or incompetency to act as a real estate broker or salesperson
-Making any substantial and willful misrepresentations
