Maryland License Law (alternative)
A Maryland licensee who acts as a principal in a real estate transaction (buying or selling for their own account) must:
ASurrender their license during the transaction
BDisclose their licensed status to the other parties✓ Correct
CObtain written permission from MREC
DHave an independent appraiser determine the price
Explanation
Maryland licensees who are parties to a transaction (buying or selling property for themselves) must disclose their status as licensed real estate professionals to all other parties.
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