Maryland License Law (alternative)
A Maryland licensee who signs a blank or incomplete contract on behalf of a client without authorization is:
AComplying with industry efficiency practices
BCommitting an unauthorized act that could constitute fraud and a licensing violation✓ Correct
CProtected under the agency relationship
DRequired to do so for corporate transactions
Explanation
Signing contracts on behalf of clients without proper authorization is fraudulent, violates Maryland law, and constitutes a serious licensing violation that can result in MREC disciplinary action.
Related Maryland Maryland License Law (alternative) Questions
- In Maryland, a broker who receives an offer to purchase a vacant lot (not residential) is still required to:
- A Maryland real estate team leader must ensure that all team members:
- Maryland's reciprocity statute requires that out-of-state applicants for a Maryland license have:
- MREC's authority to suspend a license 'on an emergency basis' (without a full hearing) applies when:
- A Maryland real estate company advertises using a logo that resembles the MREC seal. This is:
- A Maryland licensee who moves from one broker to another must transfer their license by:
- A Maryland broker who charges a buyer-client an undisclosed fee in addition to what the seller pays is engaging in:
- Maryland law provides that the seller of residential property must provide the Residential Property Disclosure/Disclaimer to the buyer:
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