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Maryland Real Estate Commission Laws, Rules, and Regulations (State Portion) — Information & Free Practice

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Maryland Real Estate Commission Laws, Rules, and Regulations (State Portion)

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
30 scored questions; unscored experimental items may be included
Time limit
30 minutes
Passing score
21 of 30 points (70%)
Examination outline
  • Duties and Powers of the Real Estate Commission (4 Sales, 5 Broker)
    • General Powers
    • Investigations, Hearings, and Appeals
    • Suspensions, Revocations, and Penalties
    • Guaranty Fund
  • Licensing Requirements (4 Sales, 8 Broker)
    • Activities Requiring a License
    • Change in License Status
    • License Renewals
    • Continuing Education Requirements
    • Partnerships and Corporations
    • Place of Business
    • Percentage of Ownership for Businesses
  • Brokerage Relationships (7 Sales, 7 Broker)
    • Listing Agreements
    • Disclosure of Brokerage Relationship
    • Disclosure of Interest in Property/Conflict of Interest
    • Disclosures
  • Supervision (5 Sales, 6 Broker)
    • Handling Monies including Trust Monies
    • Recordkeeping Requirements (electronic recordkeeping)
    • Supervision Requirements
    • Knowledge of Other Maryland State Laws (short sale, home improvements, PIFHA)
  • Business Conduct (6 Sales, 9 Broker)
    • Offers
    • Commissions (including rebates)
    • Advertising and Signs
    • Fair Housing Laws and Regulations
    • Summary Suspensions/Convictions
  • Ethics (4 Sales, 5 Broker)
    • Unfair Inducements
    • Dealings with Other Licensees
    • General Ethics
Examination sources

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