Maryland Real Estate Practice - unit 1 COMPLETE QUESTIONS & ANSWERS(RATED A)
2 views 0 purchase
Course
Maryland Real Estate
Institution
Maryland Real Estate
The Maryland Real Estate Brokers Act - ANSWER a law designed to protect the public interest. it is title chapter 17 in the Business Occupations and Professions article Annotated Code of Maryland. Also known as title 17. enacted by the legislative branch of the Maryland government: General Assembly,...
Maryland Real Estate Practice - unit 1
COMPLETE QUESTIONS & ANSWERS(RATED A)
The Maryland Real Estate Brokers Act - ANSWER a law designed to protect the public interest. it is title
chapter 17 in the Business Occupations and Professions article Annotated Code of Maryland. Also known
as title 17. enacted by the legislative branch of the Maryland government: General Assembly, which is a
statutory law.
Divisions - ANSWER each book that contains Maryland law is called Article, each article is divided into
chapter-like titles.
Real Estate brokerage - ANSWER governed both by statutory law and administrative law and it is found in
Code of Maryland Regulations (COMAR). COMAR is administrative law and it contains regulations
adopted by all 18 of Maryland's licensing boards.
Maryland Real Estate Commission - ANSWER regulations governing the practice of real estate brokerage
are enacted and enforced by this commission. which is also a body within the executive branch of
government. the regulations are administrative law and it implements the brokers act.
Common law - ANSWER unwritten law, it is not written by a legislative body; it is found in numerous
volumes of decisions from courts of appeal. use for difficult case when the law doesn't really apply. the
judges by discussion make a decision.
consideration - ANSWER compensation for brokerage services.
Considerations - ANSWER for consideration and for another person - selling, buying, exchanging, or
leasing any real estate or collecting rent for its use.
for consideration, assisting another person to locate or obtain for purchase or lease any residential real
estate.
engaging regularly in a business of dealing in real estate or leases or options on real estate.
engaging in a business, the primary purpose of which is promoting the sale of real estate through a
listing in a publication issued primarily for promotion of real estate sales.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller shantelleG. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
