Maryland License Law (alternative)
In Maryland, a broker who receives an offer to purchase a vacant lot (not residential) is still required to:
AProvide the Maryland Residential Property Disclosure form
BPresent the offer to the seller promptly and handle the transaction with professional competence✓ Correct
CObtain MREC approval for land transactions
DHave the land surveyed before presenting the offer
Explanation
While the Residential Property Disclosure is specific to residential property, all real estate transactions require prompt presentation of offers and professional, competent service from Maryland licensees.
Related Maryland Maryland License Law (alternative) Questions
- In Maryland, a real estate brokerage firm that closes must ensure:
- Which of the following is an example of 'misrepresentation' in a Maryland real estate transaction?
- In Maryland, a licensee who receives a consumer complaint through MREC has the right to:
- A Maryland licensee who signs a blank or incomplete contract on behalf of a client without authorization is:
- A Maryland real estate company advertises using a logo that resembles the MREC seal. This is:
- A Maryland licensee who practices without completing required continuing education is subject to:
- Maryland requires all real estate teams to be:
- In Maryland, a licensee who is found to have engaged in 'bait and switch' advertising — advertising a property unavailable at the stated price to attract customers — may face:
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