Maryland License Law (alternative)
Which Maryland license type allows the holder to receive compensation directly from consumers for real estate services?
ASalesperson license only
BAssociate broker license only
CBroker license✓ Correct
DBoth salesperson and associate broker licenses
Explanation
Only a licensed broker may receive compensation directly from the public for real estate services. Salespersons and associate brokers must receive compensation through their supervising broker.
Related Maryland Maryland License Law (alternative) Questions
- MREC's authority to suspend a license 'on an emergency basis' (without a full hearing) applies when:
- A Maryland licensee who moves from one broker to another must transfer their license by:
- Which of the following is an example of 'misrepresentation' in a Maryland real estate transaction?
- In Maryland, a 'designated broker' or 'principal broker' must:
- Under Maryland law, a broker who changes the location of the principal office must:
- In Maryland, the Real Estate Guaranty Fund provides compensation to consumers who have suffered losses from:
- A Maryland broker's trust (escrow) account is audited by MREC and found to be short. This could indicate:
- A Maryland real estate broker who violates the Consumer Protection Act's prohibition on deceptive practices may be subject to penalties administered by:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →