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Exam (elaborations)

Maryland Real Estate

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  • Course
  • Maryland Real Estate
  • Institution
  • Maryland Real Estate

How many people serve on the Maryland Real Estate Commission? - ANSWER Nine Who serves on the Maryland Real Estate Commission? - ANSWER Five real estate licensees with at least 10 years' experience each, and four non-licensee consumers Who appoints the members of the Maryland Real Estate Comm...

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  • October 26, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Maryland Real Estate
  • Maryland Real Estate
avatar-seller
shantelleG
MD Exam Prep: Licensing and the Real Estate
Commission correct 100%

How many people serve on the Maryland Real Estate Commission? - ANSWER Nine



Who serves on the Maryland Real Estate Commission? - ANSWER Five real estate licensees with at least
10 years' experience each, and four non-licensee consumers



Who appoints the members of the Maryland Real Estate Commission? - ANSWER The Governor of
Maryland



How long do the MREC members serve? - ANSWER Members serve four-year terms.



Someone who violates the Maryland license law may incur a penalty of up to how much for the first
violation? - ANSWER $5,000



Someone who violates the Maryland license law may incur a penalty of up to how much for the second
violation? - ANSWER $15,000



For a third or subsequent violation, someone who violates the Maryland license law may incur a penalty
of how much per violation? - ANSWER $25,000



What is the minimum age at which someone may become a real estate salesperson in Maryland? -
ANSWER 18



How many hours of prelicense education is required to qualify to apply for a Maryland salesperson's
license? - ANSWER 60



How many hours of prelicense education is required to qualify to apply for a Maryland broker's license? -
ANSWER 135

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