Maryland License Law (alternative)
A Maryland broker who wants to own and operate their own real estate company must first obtain a:
ASalesperson license plus 2 years experience
BBroker license by meeting education, experience, and exam requirements✓ Correct
CMREC franchise approval
DSurety bond only
Explanation
To open and operate an independent real estate brokerage in Maryland, the owner must hold a broker's license, which requires completion of 135 hours of pre-license education (60 salesperson + 75 broker), active practice experience, and passing the broker exam.
Related Maryland Maryland License Law (alternative) Questions
- Under MREC regulations, which of the following actions by a Maryland licensee constitutes 'misrepresentation'?
- The Maryland Consumer Protection Act applies to real estate licensees by prohibiting:
- In Maryland, a real estate brokerage firm that closes must ensure:
- A Maryland real estate licensee must complete their initial continuing education within how long of obtaining their license?
- In Maryland, a broker who receives an offer to purchase a vacant lot (not residential) is still required to:
- MREC's authority to suspend a license 'on an emergency basis' (without a full hearing) applies when:
- A Maryland real estate license may be denied for which of the following reasons?
- A Maryland licensee's failure to account for funds received from a client is known as:
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