100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Maryland Real Estate Exam QUESTIONS & ANSWERS(RATED A) $12.99   Add to cart

Exam (elaborations)

Maryland Real Estate Exam QUESTIONS & ANSWERS(RATED A)

 6 views  0 purchase
  • Course
  • Maryland Real Estate
  • Institution
  • Maryland Real Estate

Maryland real estate license law is administered by the 1. Maryland Council on Housing Matters. 2. Maryland Real Estate Commission. 3. Maryland Association of REALTORS®. 4. Department of Housing and Urban Development (HUD). - ANSWER Maryland Real Estate Commission. All of the following...

[Show more]

Preview 4 out of 59  pages

  • October 26, 2024
  • 59
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • maryland real estate
  • Maryland Real Estate
  • Maryland Real Estate
avatar-seller
shantelleG
Maryland Real Estate Exam QUESTIONS &
ANSWERS(RATED A)
Maryland real estate license law is

administered by the

1. Maryland Council on Housing Matters.

2. Maryland Real Estate Commission.

3. Maryland Association of REALTORS®.

4. Department of Housing and Urban Development (HUD). - ANSWER Maryland Real Estate Commission.



All of the following statements are true regarding a vacancy or term of a commissioner EXCEPT that the

1. length of service for each term that a commissioner serves is four years.

2. terms of the Commission members are staggered.

3. terms of all commissioners begin on June 1.

4. Secretary of Labor, Licensing, and Regulation may remove members of the Commission for
incompetence or misconduct. - ANSWER Secretary of Labor, Licensing, and Regulation may remove
members of the Commission for incompetence or misconduct.



How are members of the Real Estate Commission selected?



1. They are appointed by the Secretary of Labor, Licensing, and Regulation.

2. They are appointed by the Maryland Association of REALTORS®.

3. The Governor appoints the commissioners, with the advice and consent of the state senate and the
advice of the Secretary of Labor, Licensing, and Regulation.

4. The commissioners are elected at large by other licensees. - ANSWER The Governor appoints the
commissioners, with the advice and consent of the state senate and the advice of the Secretary of Labor,
Licensing, and Regulation.

, If a vacancy occurs on the Real Estate Commission, regardless of cause, the replacement member
appointed shall serve

1. for the rest of the original term and until a qualified successor is appointed.

2. for a new four-year term minus the months since the last June, if any.

3. for a new four-year term starting with the month of appointment.

4. until the next June 1. - ANSWER for the rest of the original term and until a qualified successor is
appointed.



What is the total number of Real Estate

Commissioners in Maryland?

1. Four

2. Five

3. Nine

4. Ten - ANSWER Nine



The chairman of the Real Estate Commission is



1. solely appointed by the Governor.

2. appointed by the executive director of the Real Estate Commission.

3. nominated by the commissioners and appointed by the Secretary of Labor, Licensing, and Regulation.

4. elected from among the Commission members annually. - ANSWER elected from among the
Commission members annually.



A professional member of the Commission must have been



1. a resident of the area he or she represents

for at least four years immediately before the appointment.

2. licensed as a real estate broker, associate broker, or salesperson for at least ten years immediately
before appointment.

3. a licensee for five years prior to appointment.

, 4. a licensed real estate broker for at least ten years immediately prior to appointment. - ANSWER
licensed as a real estate broker, associate broker, or salesperson for at least ten years immediately before
appointment.



When a complaint is lodged against a licensee, the results of the investigation of the complaint will be
considered by a hearing board that consists of



1. at least five commissioners.

2. the professional members of the Commission only.

3. at least one professional commissioner, one consumer commissioner, and a third commissioner, either
professional or

consumer.

4. the entire Commission. - ANSWER at least one professional commissioner, one consumer
commissioner, and a third commissioner, either professional or

consumer.



A complaint is dismissed and then a commissioner files an exception. The full Commission then reviews
the complaint. If the complaint is dismissed a second time, the decision



1. may be appealed to the full Commission.

2. may be appealed to the executive director of the Real Estate Commission.

3. is considered final, with no other recourse, because it has been considered once, an exception filed,
and dismissed again by the full Commission.

4. is considered final and may be appealed to the appropriate court - ANSWER is considered final and
may be appealed to the appropriate court



The decision of a hearing board



1. is final and may not be appealed.

2. is not final until approved by the full Commission.

3. is final and therefore may be appealed.

4. may be appealed until it is final. - ANSWER is final and may not be appealed.

, When the Maryland Real Estate Commission sends a copy of a complaint against the Guaranty Fund
based on actions of a salesperson and requests a written response, the



1. salesperson and the salesperson's broker must respond in writing to the Commission within 20 days.

2. only the salesperson must respond in writing to the Commission within 20 days.

3. only the broker must respond in writing within 15 days.

4. broker and salesperson must both respond within 15 days. - ANSWER salesperson and the
salesperson's broker must respond in writing to the Commission within 20 days.



When a complaint is referred for investigation, what must take place before a hearing is held?

1. The executive director must give ten days' notice to the licensee by regular courier to appear for a
hearing.

2. Proper notice must be delivered ten days prior to the hearing personally or by certified mail to the
broker or to the broker of the licensee against whom the action is contemplated.

3. The broker is notified of the hearing at least 20 days before the hearing and must notify the licensee
against whom the action is contemplated.

4. The broker and the licensee must be notified within 15 days prior to the hearing by certified mail. -
ANSWER Proper notice must be delivered ten days prior to the hearing personally or by certified mail to
the broker or to the broker of the licensee against whom the action is contemplated.



If proper notice has been given to the licensee against whom action is contemplated and that licensee
fails to appear for the hearing, which of the following is TRUE?



1. The Commission may hear and determine the case.

2. The failure to appear is considered "culpability by default" and the Commission assesses whatever it
deems an appropriate penalty.

3. The Commission must determine the case based on the evidence before them and issue a
determination.

4. The case will be postponed indefinitely. - ANSWER The Commission may hear and determine the case.



If a complaint is dismissed and not referred for investigation,

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart