Maryland License Law (alternative)
Under BOP Article §17, the Maryland Real Estate Commission has authority to do all of the following EXCEPT:
ARevoke a broker's license for misconduct
BSet maximum commission rates for all Maryland transactions✓ Correct
CSuspend a license pending investigation
DIssue cease-and-desist orders
Explanation
MREC regulates licensees and can discipline them, but it does NOT have authority to set or regulate commission rates. Commission amounts are negotiated freely between brokers and their clients.
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Key Terms to Know
Math Concepts
State-Specific Concepts
License Law
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