Maryland License Law
In Maryland, a real estate licensee who assists in the purchase of their own property must:
AGive up all brokerage compensation
BDisclose their licensed status in all documents and communications✓ Correct
CUse a separate buyer's agent for the transaction
DObtain MREC approval before proceeding
Explanation
Any licensed person who purchases property for themselves must disclose their licensee status to the other party. This is required by Maryland law and ethical standards.
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