Maryland License Law (alternative)
In Maryland, a 'designated broker' or 'principal broker' must:
ABe a member of the NAR
BHold a Maryland broker's license and be responsible for the brokerage's compliance with real estate law✓ Correct
COwn at least 51% of the brokerage
DHave 10 years of real estate experience
Explanation
The principal (designated) broker holds the broker's license for the firm, bears legal responsibility for the firm's activities, and must supervise all affiliated licensees.
Related Maryland Maryland License Law (alternative) Questions
- A Maryland real estate licensee who operates a team must ensure that all team advertising:
- A Maryland broker who charges a buyer-client an undisclosed fee in addition to what the seller pays is engaging in:
- Maryland's BOP Article §17 requires licensees to:
- Which of the following is an example of 'misrepresentation' in a Maryland real estate transaction?
- MREC's authority to suspend a license 'on an emergency basis' (without a full hearing) applies when:
- Under Maryland's BOP §17, a real estate licensee's duty of confidentiality to a client prevents disclosure of:
- Under Maryland law, a real estate licensee who maintains a website must include on the site:
- A Maryland licensee who practices without completing required continuing education is subject to:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →