Maryland License Law (alternative)
A Maryland real estate licensee who is also a mortgage broker must:
AChoose only one profession—dual licensing is prohibited
BDisclose their mortgage broker status to real estate clients and comply with both sets of licensing regulations✓ Correct
CUse one license for both activities if approved by MREC
DOnly practice real estate and refer mortgage business to others
Explanation
Dual licensees (real estate and mortgage broker) must disclose both roles to clients and comply with the regulations governing both professions to avoid conflicts of interest.
Related Maryland Maryland License Law (alternative) Questions
- A Maryland licensee who signs a blank or incomplete contract on behalf of a client without authorization is:
- A Maryland licensee who provides false information on a license renewal application may face:
- A Maryland broker's license is renewed every:
- Maryland's reciprocity statute requires that out-of-state applicants for a Maryland license have:
- A Maryland licensee who uses the designation 'REALTOR®' must be:
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- A Maryland real estate team leader must ensure that all team members:
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