Maryland License Law (alternative)
A Maryland real estate team leader must ensure that all team members:
AHold broker licenses
BAre licensed under the same supervising broker and comply with Maryland law and MREC regulations✓ Correct
CAre full-time employees of the team leader
DAre NAR members
Explanation
All Maryland team members must be properly licensed under the same (or an affiliated) broker and must comply with all applicable licensing laws and MREC regulations.
Related Maryland Maryland License Law (alternative) Questions
- MREC's authority to suspend a license 'on an emergency basis' (without a full hearing) applies when:
- A Maryland broker's trust (escrow) account is audited by MREC and found to be short. This could indicate:
- Which of the following individuals is required to hold a Maryland real estate license?
- An out-of-state broker who wants to refer a Maryland buyer to a Maryland broker in exchange for a referral fee:
- In Maryland, a 'designated broker' or 'principal broker' must:
- A Maryland broker who fails to properly supervise a salesperson may face disciplinary action including:
- Under Maryland law, a broker who changes the location of the principal office must:
- MREC may impose which of the following as a disciplinary sanction against a Maryland licensee?
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