Maryland License Law
In Maryland, a real estate licensee who has been found guilty of fraud in a real estate transaction may face maximum penalties from MREC of:
AA $500 fine only
BLicense revocation and fines of up to $5,000 per violation✓ Correct
COnly a formal reprimand
DAutomatic loss of license without a hearing
Explanation
MREC may revoke a license and impose fines of up to $5,000 per violation for fraud or misrepresentation in real estate transactions under Maryland law.
Related Maryland Maryland License Law Questions
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