OpenExamsFREE PRACTICE — ANY EXAM

Maryland Real Estate Broker — Requirements & Free Practice

US-MD · License preparation

350 free questions · Answer explanations · No signup required

Choose what to practice

Start with an exam below. Your examination requirements depend on your application pathway. View licensing requirements

Combined practice

Choose an exam or combined practice to begin.

Licenses, application pathways and examination requirements

Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.

Associate Real Estate Broker License

License for an individual who meets real estate broker licensing requirements and obtains a licensed broker's commitment to affiliate as an associate real estate broker.

Licensing authority: Maryland Real Estate Commission · Application information

Additional associate broker license for another broker affiliation
No examination is required for this applicant pathway.
License and application
Already hold an associate broker license; obtain the additional broker commitment, notify each current supervising broker, and apply with fees and documentation under §17-313(d), (j).

Official no-examination sources

Effective from 2026-09-22.

Obtain an associate broker license while holding a broker license
No examination is required for this applicant pathway.
License and application
Already hold a broker license, obtain another broker commitment to affiliate, and comply with §17-313(h), (j).

Official no-examination sources

Effective from 2026-09-22.

Obtain an associate broker license after earlier broker licensure while retaining salesperson licensure
No examination is required for this applicant pathway.
License and application
Previously held a broker or associate broker license with continuous licensure since; obtain an additional broker commitment, notify every current supervising broker and comply with §17-313(b)(2), (j).

Official no-examination sources

Effective from 2026-09-22.

Transfer associate broker affiliation
No examination is required for this applicant pathway.
License and application
Obtain the new broker commitment, surrender the current certificate and pocket card, submit an application and termination evidence for the prior affiliation, and pay the transfer fee under §17-311(b), (c).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure for a Maryland qualified attorney
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Attorney documentation
Submit the original Maryland Court of Appeals Certificate of Good Standing within 30 days of issue and a personally signed cover letter with contact information; the Board then provides examination registration instructions.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Waived by §17-305(d)(2) for an individual qualified to practice law in Maryland.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
Waived by §17-305(d)(2) for an individual qualified to practice law in Maryland.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Initial licensure by examination
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Fresh licensure after more than three years of expiration
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Expired license
A license expired for more than three years cannot be reinstated through back fees and CE. The Board FAQ requires retesting, and the renewal page directs applicants to obtain current education and examination instructions.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Exchange a broker license for an associate broker license
No examination is required for this applicant pathway.
License and application
Currently hold a broker license, obtain a licensed broker commitment to affiliate, and comply with §17-312(f), (g), including surrender, application, fee and required documents.

Official no-examination sources

Effective from 2026-09-22.

Exchange a salesperson license after previous broker licensure
No examination is required for this applicant pathway.
License and application
Previously held a broker or associate broker license and remained continuously licensed since; obtain the broker affiliation commitment and comply with §17-312(a), (g).

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following Guaranty Fund suspension
No examination is required for this applicant pathway.
Application
Apply for reinstatement; the Commission considers reissuance at its discretion.
Other sanctions
Reimbursement does not eliminate other disciplinary sanctions imposed under Subtitle 3.
Reimbursement
Repay the Guaranty Fund payment in full with required interest; COMAR 09.11.01.20 specifies 12 percent.

Official no-examination sources

Effective from 2026-09-22.

Requalification after inactive license expires
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Prior inactive license
A former inactive license not reactivated within three years expires; §17-316(e) requires fresh compliance with §§17-301 through 17-308, including applicable examinations and any authorized waiver.
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Expedited licensure for qualifying military applicants with an out of state license
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Expedited processing
Identify qualifying military status to the Board; a completed qualifying application must be licensed within 60 days. Section 2.5-106 and the Board implementation provide expedited processing; no blanket examination waiver is stated. Individual §17-308 waivers remain applicant conditions.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
License history
Submit the certificate from the jurisdiction of first licensure dated within 120 days and a signed cover letter listing every current license and prior Maryland licensure. The Board mailing instructions additionally request an original certificate within 30 days of issue.
Military credit
Relevant active-service practice is credited, and substantially equivalent military training and education are credited under Business Regulation §2.5-105.
Military eligibility
An active service member, eligible veteran, or eligible spouse must prove qualifying status, at least one year of a valid out-of-state license in good standing, all other licenses in good standing, assignment or legal residence as specified in Business Regulation §2.5-106(b), a full licensing application and fees.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Other state license
Hold a comparable or equivalent current, active license; provide certified evidence of the license and qualifications. A broker must demonstrate an actively maintained office in the other state (§17-308).
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Waiver discretion
The Commission may waive any Subtitle 3 requirement under §17-308. Under COMAR 09.11.01.12G it may deem the education requirement satisfied for three immediately preceding years of qualifying out-of-state broker practice. The examination leaves represent the currently offered examinations involved; an individual waiver may excuse one or more requirements.
Reactivation before three year inactive expiration
No examination is required for this applicant pathway.
Affiliation
Submit adequate evidence of the supervising broker commitment to affiliate.
Application
Request reactivation and pay the reissuance fee.
Continuing education
Meet CE requirements that would have been required had the license remained active.
Inactive window
Reactivate before the license expires three years after being placed inactive.

Official no-examination sources

Effective from 2026-09-22.

Licensure through out of state license recognition and individual waiver
Affiliation
Obtain and submit the licensed broker commitment to affiliate under §§17-304(c) and 17-307(c); practice only for the affiliated broker.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
License history
Submit the certificate from the jurisdiction of first licensure dated within 120 days and a signed cover letter listing every current license and prior Maryland licensure. The Board mailing instructions additionally request an original certificate within 30 days of issue.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Other state license
Hold a comparable or equivalent current, active license; provide certified evidence of the license and qualifications. A broker must demonstrate an actively maintained office in the other state (§17-308).
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Waiver discretion
The Commission may waive any Subtitle 3 requirement under §17-308. Under COMAR 09.11.01.12G it may deem the education requirement satisfied for three immediately preceding years of qualifying out-of-state broker practice. The examination leaves represent the currently offered examinations involved; an individual waiver may excuse one or more requirements.
Reinstatement within three years after expiration
No examination is required for this applicant pathway.
Application channel
Electronic reinstatement is offered within two years; otherwise request a mail-in application within three years, received at least 30 days before the three-year period ends.
Character
Meet the good-character and reputation requirement.
Continuing education
Complete applicable CE for the period without licensure.
Expiration window
Apply within three years after the last valid expiration date.
Fees
Pay the statutory reinstatement fee; the Board also demands past-due renewal fees.

Official no-examination sources

Effective from 2026-09-22.

Renewal of an active or renewable inactive license
No examination is required for this applicant pathway.
Affiliation
Report current broker affiliation as applicable.
Continuing education
Complete at least 15 CE clock hours during the preceding two-year term, at least 30 days before expiration, with the mandated topic distribution under §17-315. A broker or designated branch manager/team leader includes the 1.5-hour supervision course. A commercial-only licensee substitutes the statutory ADA requirement for the fair-housing requirement. CE course assessments are educational conditions, not independently registered licensure examinations.
Credit report
Broker renewal requires the credit report specified by §17-314(c)(1)(vi); the Board requires a full report including public records no older than six months.
Eligibility
Hold a renewable license and remain entitled to licensure; apply before expiration for a further two-year term and pay the fee (§17-314).
Military deployment
Business Regulation §2.5-104 permits the unit to excuse late-renewal penalties caused by deployment and allow CE completion within a reasonable period after renewal.

Official no-examination sources

Effective from 2026-09-22.

Restoration after summary suspension conditions are satisfied
No examination is required for this applicant pathway.
Suspension order
Under §17-328(c), summary suspension continues until the licensee complies with the Commission order conditions or the Commission orders another disposition after a hearing. Any individual conditions or sanctions remain binding; the statutory restoration boundary names no examination.

Official no-examination sources

Effective from 2026-09-22.

Conversion of reciprocal licensure after establishing a Maryland principal office
Affiliation
Satisfy §17-304(c) and §17-307(c) broker-affiliation requirements.
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Existing reciprocal license
Notify MREC promptly when the principal business moves to Maryland; obtain a standard license within 90 days under §17-3A-09.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Prior passage or waiver
The Board says reciprocal licensees who have not previously taken an examination must do so after the principal business moves to Maryland. Prior current-exam passage or a §17-308 waiver is an applicant condition.
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).

Branch Office Certificate

Certificate issued to a licensed broker for a branch office; manager qualifications distinguish issuance routes.

Licensing authority: Maryland Real Estate Commission · Application information

Branch office certificate with a salesperson manager qualifying through broker examination
Application
Submit the branch office application, manager identity and fee.
Broker applicant
The applicant must already be a licensed Maryland broker.
Examination commitment
Before the manager takes the broker examination, submit the licensed broker commitment to employ the salesperson as branch office manager (§17-518(d)(3)).
Manager
For a salesperson manager using §17-518(d)(2)(iii), complete approved broker education and pass the broker examination.
Supervision
The designated manager has the supervision duty under §17-320.
Branch office certificate with an already qualified manager
No examination is required for this applicant pathway.
Application
Submit the branch-office application, manager identity and required fee under §17-518(c).
Broker applicant
The applicant must already be a licensed Maryland broker.
Manager
Designate the broker, a licensed associate broker, or a licensed salesperson with at least three years of brokerage-services experience under §17-518(d)(1)-(2). Held licenses and experience are applicant conditions.
Supervision
The manager must exercise required supervision and satisfy the current broker-supervision course requirement when applicable.

Official no-examination sources

Effective from 2026-09-22.

Renewal of a branch office certificate
No examination is required for this applicant pathway.
Application
Submit the branch-certificate renewal application together with the branch manager license renewal application and required fee under §17-518(e).
Term
The certificate expires on the first April 30 after its effective date in an even-numbered year; renew for two years.

Official no-examination sources

Effective from 2026-09-22.

Reissued Real Estate Broker License for a Family Member (Six Months)

Six-month reissuance to an adult family member solely to close and terminate a deceased or permanently disabled broker business.

Licensing authority: Maryland Real Estate Commission · Application information

Six month family reissuance to close and terminate a broker business
No examination is required for this applicant pathway.
Family status
An adult family member of a deceased or totally and permanently disabled broker may carry on the business solely to close and terminate it.
Proof
Provide death certificate or disability evidence, surrender the existing certificate and pocket card, and submit Commission-required documentation.
Term and scope
The reissued license lasts six months and is limited to closing and terminating the business under §17-319(b)-(d).

Official no-examination sources

Effective from 2026-09-22.

reciprocal license

Reciprocal broker license for a current out-of-state licensee whose principal place of business is outside Maryland.

Licensing authority: Maryland Real Estate Commission · Application information

Reciprocal licensure under the Maryland Pennsylvania agreement
No examination is required for this applicant pathway.
Attestations
Submit the required character, criminal and discipline declarations, familiarity with Maryland law, regulations and ethics, consent to record disclosure and service of process, and application fees.
Current license
Hold a current and active comparable-category license; provide a complete certified license history and the certified current license or licensing-body statement and disciplinary history required by §17-3A-04.
Exemptions
The Board published summary excuses this reciprocal route from examinations and CE under the agreement.
Firm documentation
The Board FAQ requests original certificate of license, license history, Articles of Incorporation or Organization and proof the company is registered with Maryland Assessments and Taxation.
License category
Apply in the category comparable to the other-state license.
Origin jurisdiction
Qualifying license under the Maryland-Pennsylvania reciprocal agreement. Prior foreign-jurisdiction examinations are not Maryland examination leaves.
Origin license status
If the origin-state license expires or goes inactive, the reciprocal license becomes void.
Outside business
The principal place of business must remain outside Maryland.
Term
The reciprocal license term is two years.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal licensure under the Maryland Oklahoma agreement
Maryland Real Estate Broker State Portion
Attestations
Submit the required character, criminal and discipline declarations, familiarity with Maryland law, regulations and ethics, consent to record disclosure and service of process, and application fees.
Current license
Hold a current and active comparable-category license; provide a complete certified license history and the certified current license or licensing-body statement and disciplinary history required by §17-3A-04.
Exemptions
The Board published agreement summary requires the Maryland state portion and excuses CE; §17-3A-07 authorizes additional reciprocal examination requirements.
Firm documentation
The Board FAQ requests original certificate of license, license history, Articles of Incorporation or Organization and proof the company is registered with Maryland Assessments and Taxation.
License category
Apply in the category comparable to the other-state license.
Origin jurisdiction
Qualifying license under the Maryland-Oklahoma reciprocal agreement. Contact the MREC Education Department for the application instructions.
Origin license status
If the origin-state license expires or goes inactive, the reciprocal license becomes void.
Outside business
The principal place of business must remain outside Maryland.
Term
The reciprocal license term is two years.
Reinstatement of an expired Maryland reciprocal license within three years
No examination is required for this applicant pathway.
Eligibility
Section 17-3A-10 applies the comparable standard license rights and duties, including §17-314 reinstatement within three years, good character, any applicable agreement CE and fees. The origin-state license must remain current and active; a void license caused by origin-state lapse is not treated as eligible reinstatement.
Origin license
Continue to meet the reciprocal license current out-of-state license and outside principal place-of-business requirements.

Official no-examination sources

Effective from 2026-09-22.

Renewal of reciprocal licensure
No examination is required for this applicant pathway.
Ce exemption
The reciprocal agreements published by MREC excuse continuing education; COMAR 09.11.06.09C(4) requires only the education specified by the agreement.
Origin license
Provide proof of a current license in the jurisdiction of the principal place of business and absence of discipline or an ongoing real estate misconduct investigation.
Outside business
Keep the principal place of business outside Maryland.
Renewal
Apply under the comparable standard-license renewal procedures of §17-314 and pay applicable fees.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal Associate Real Estate Broker License

Reciprocal associate broker license requiring affiliation with a Maryland standard or reciprocal licensed broker.

Licensing authority: Maryland Real Estate Commission · Application information

Reciprocal licensure under the Maryland Pennsylvania agreement
No examination is required for this applicant pathway.
Affiliation
Affiliate with a Maryland standard or reciprocal licensed broker; provide the sponsoring broker letter. The broker must obtain a Maryland license before the associate broker applies.
Attestations
Submit the required character, criminal and discipline declarations, familiarity with Maryland law, regulations and ethics, consent to record disclosure and service of process, and application fees.
Current license
Hold a current and active comparable-category license; provide a complete certified license history and the certified current license or licensing-body statement and disciplinary history required by §17-3A-04.
Exemptions
The Board published summary excuses this reciprocal route from examinations and CE under the agreement.
License category
Apply in the category comparable to the other-state license.
Origin jurisdiction
Qualifying license under the Maryland-Pennsylvania reciprocal agreement. Prior foreign-jurisdiction examinations are not Maryland examination leaves.
Origin license status
If the origin-state license expires or goes inactive, the reciprocal license becomes void.
Outside business
The principal place of business must remain outside Maryland.
Term
The reciprocal license term is two years.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal licensure under the Maryland Oklahoma agreement
Maryland Real Estate Broker State Portion
Affiliation
Affiliate with a Maryland standard or reciprocal licensed broker; provide the sponsoring broker letter. The broker must obtain a Maryland license before the associate broker applies.
Attestations
Submit the required character, criminal and discipline declarations, familiarity with Maryland law, regulations and ethics, consent to record disclosure and service of process, and application fees.
Current license
Hold a current and active comparable-category license; provide a complete certified license history and the certified current license or licensing-body statement and disciplinary history required by §17-3A-04.
Exemptions
The Board published agreement summary requires the Maryland state portion and excuses CE; §17-3A-07 authorizes additional reciprocal examination requirements.
License category
Apply in the category comparable to the other-state license.
Origin jurisdiction
Qualifying license under the Maryland-Oklahoma reciprocal agreement. Contact the MREC Education Department for the application instructions.
Origin license status
If the origin-state license expires or goes inactive, the reciprocal license becomes void.
Outside business
The principal place of business must remain outside Maryland.
Term
The reciprocal license term is two years.
Reinstatement of an expired Maryland reciprocal license within three years
No examination is required for this applicant pathway.
Eligibility
Section 17-3A-10 applies the comparable standard license rights and duties, including §17-314 reinstatement within three years, good character, any applicable agreement CE and fees. The origin-state license must remain current and active; a void license caused by origin-state lapse is not treated as eligible reinstatement.
Origin license
Continue to meet the reciprocal license current out-of-state license and outside principal place-of-business requirements.

Official no-examination sources

Effective from 2026-09-22.

Renewal of reciprocal licensure
No examination is required for this applicant pathway.
Ce exemption
The reciprocal agreements published by MREC excuse continuing education; COMAR 09.11.06.09C(4) requires only the education specified by the agreement.
Origin license
Provide proof of a current license in the jurisdiction of the principal place of business and absence of discipline or an ongoing real estate misconduct investigation.
Outside business
Keep the principal place of business outside Maryland.
Renewal
Apply under the comparable standard-license renewal procedures of §17-314 and pay applicable fees.

Official no-examination sources

Effective from 2026-09-22.

Real Estate Broker License

Individual real estate broker license authorizing real estate brokerage services; a commercial license permits only commercial transactions, while a residential license permits both commercial and residential transactions.

Licensing authority: Maryland Real Estate Commission · Application information

Family successor reissuance with deferred broker education
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
The broker education requirement may be deferred: pass the broker examination regardless of completion of broker education, then satisfy broker education within four years of reissuance or the license expires (§17-319(e), (g)).
Examination timing
Pass the broker examination before the end of the six-month business-closing period under §17-319(e). The statutory educational dispensation overrides the general rule requiring completed broker education before examination; finish broker education within four years after reissuance.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Family status
Before the six-month closing period ends, an immediate family member continuously licensed as a salesperson for the immediately preceding three years may qualify under §17-319(e).
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Renewal
Renew under §17-314 during the four-year educational dispensation; after timely education completion, continue holding and renewing the standard license.
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Surrender and documents
Surrender the salesperson certificate and pocket card and comply with §17-319(c).
Renewal of family successor broker license during educational dispensation
No examination is required for this applicant pathway.
Education deadline
Satisfy broker education within four years of reissuance; otherwise automatic expiration.
Existing license
Hold the broker license reissued under §17-319(e)-(f).
Renewal
Comply with §17-314 renewal procedures and applicable §17-315 CE; timely education completion permits continued standard renewal.

Official no-examination sources

Effective from 2026-09-22.

Conversion of reciprocal licensure after establishing a Maryland principal office
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Existing reciprocal license
Notify MREC promptly when the principal business moves to Maryland; obtain a standard license within 90 days under §17-3A-09.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Prior passage or waiver
The Board says reciprocal licensees who have not previously taken an examination must do so after the principal business moves to Maryland. Prior current-exam passage or a §17-308 waiver is an applicant condition.
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Additional broker license for each brokerage
No examination is required for this applicant pathway.
License and application
Already hold a broker license; §17-313(i) requires a broker license for every brokerage operated and an application, fee and required documentation under §17-313(j)(1), (4), (5).

Official no-examination sources

Effective from 2026-09-22.

Obtain a broker license while holding an associate broker license
No examination is required for this applicant pathway.
License and application
Notify each current supervising broker of the intent to obtain a broker license and comply with §17-313(f), (j).

Official no-examination sources

Effective from 2026-09-22.

Obtain a broker license while holding a salesperson license after earlier broker licensure
No examination is required for this applicant pathway.
License and application
Previously held a broker or associate broker license with continuous licensure since; notify each current supervising broker and comply with §17-313(c)(2), (j).

Official no-examination sources

Effective from 2026-09-22.

Initial licensure for a Maryland qualified attorney
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Attorney documentation
Submit the original Maryland Court of Appeals Certificate of Good Standing within 30 days of issue and a personally signed cover letter with contact information; the Board then provides examination registration instructions.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Waived by §17-305(d)(2) for an individual qualified to practice law in Maryland.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
Waived by §17-305(d)(2) for an individual qualified to practice law in Maryland.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Initial licensure by examination
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Fresh licensure after more than three years of expiration
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Expired license
A license expired for more than three years cannot be reinstated through back fees and CE. The Board FAQ requires retesting, and the renewal page directs applicants to obtain current education and examination instructions.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Exchange an associate broker license for a broker license
No examination is required for this applicant pathway.
License and application
Currently hold an associate real estate broker license; comply with §17-312(g), surrender the existing certificate and pocket card, submit the application, termination-of-affiliation notice, fees and required documents.

Official no-examination sources

Effective from 2026-09-22.

Exchange a salesperson license after previous broker licensure
No examination is required for this applicant pathway.
License and application
Previously held a broker or associate broker license and have maintained continuous licensure since that first broker licensure; comply with §17-312(b), (g), including application, surrender, affiliation termination, fee and required documents.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement following Guaranty Fund suspension
No examination is required for this applicant pathway.
Application
Apply for reinstatement; the Commission considers reissuance at its discretion.
Other sanctions
Reimbursement does not eliminate other disciplinary sanctions imposed under Subtitle 3.
Reimbursement
Repay the Guaranty Fund payment in full with required interest; COMAR 09.11.01.20 specifies 12 percent.

Official no-examination sources

Effective from 2026-09-22.

Requalification after inactive license expires
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Prior inactive license
A former inactive license not reactivated within three years expires; §17-316(e) requires fresh compliance with §§17-301 through 17-308, including applicable examinations and any authorized waiver.
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Expedited licensure for qualifying military applicants with an out of state license
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Expedited processing
Identify qualifying military status to the Board; a completed qualifying application must be licensed within 60 days. Section 2.5-106 and the Board implementation provide expedited processing; no blanket examination waiver is stated. Individual §17-308 waivers remain applicant conditions.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
License history
Submit the certificate from the jurisdiction of first licensure dated within 120 days and a signed cover letter listing every current license and prior Maryland licensure. The Board mailing instructions additionally request an original certificate within 30 days of issue.
Military credit
Relevant active-service practice is credited, and substantially equivalent military training and education are credited under Business Regulation §2.5-105.
Military eligibility
An active service member, eligible veteran, or eligible spouse must prove qualifying status, at least one year of a valid out-of-state license in good standing, all other licenses in good standing, assignment or legal residence as specified in Business Regulation §2.5-106(b), a full licensing application and fees.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Other state license
Hold a comparable or equivalent current, active license; provide certified evidence of the license and qualifications. A broker must demonstrate an actively maintained office in the other state (§17-308).
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Waiver discretion
The Commission may waive any Subtitle 3 requirement under §17-308. Under COMAR 09.11.01.12G it may deem the education requirement satisfied for three immediately preceding years of qualifying out-of-state broker practice. The examination leaves represent the currently offered examinations involved; an individual waiver may excuse one or more requirements.
Reactivation before three year inactive expiration
No examination is required for this applicant pathway.
Application
Request reactivation and pay the reissuance fee.
Continuing education
Meet CE requirements that would have been required had the license remained active.
Inactive window
Reactivate before the license expires three years after being placed inactive.

Official no-examination sources

Effective from 2026-09-22.

Licensure through out of state license recognition and individual waiver
Age
The applicant must be at least 18 years old (§17-305(c)).
Application
Submit the Commission application, examination results, applicable license and Guaranty Fund fees, and any additional competence or character documentation under §17-307.
Character
The applicant must be of good character and reputation and satisfy the Commission professional-competence requirements (§17-305(b), (f)).
Credit report
For a broker license, submit an approved-agency credit report or the authorized credit-report fee under §17-307(b); the Board requires the report to include public records.
Education
Complete Commission-approved broker education including a 3-clock-hour ethics course; COMAR 09.11.01.12 requires 135 clock hours or 9 semester credit hours.
Examination timing
Pass both portions within one year after completing the required prelicensing education; otherwise complete a new prelicensing program. Apply for licensure within one year after passing.
Experience
At least 3 years of licensed, active and lawful real estate practice; COMAR 09.11.01.12F accepts qualifying practice in Maryland or another United States jurisdiction. The Board FAQ asks for three consecutive active years immediately before application without inactive status, late-renewal reinstatement or suspension.
License history
Submit the certificate from the jurisdiction of first licensure dated within 120 days and a signed cover letter listing every current license and prior Maryland licensure. The Board mailing instructions additionally request an original certificate within 30 days of issue.
Nonresident
A nonresident applicant must provide consent to service and related documents required by §§17-307(e) and 17-514.
Other state license
Hold a comparable or equivalent current, active license; provide certified evidence of the license and qualifications. A broker must demonstrate an actively maintained office in the other state (§17-308).
Practice scope
The Board calls a commercial designation commercial-only; its residential designation permits both residential and commercial transactions (Licensing FAQ 4).
Supervision training
A newly designated broker, branch office manager or team leader must complete the 1.5-clock-hour broker-supervision course within 90 days unless completed during the preceding four years (COMAR 09.11.01.23).
Waiver discretion
The Commission may waive any Subtitle 3 requirement under §17-308. Under COMAR 09.11.01.12G it may deem the education requirement satisfied for three immediately preceding years of qualifying out-of-state broker practice. The examination leaves represent the currently offered examinations involved; an individual waiver may excuse one or more requirements.
Reinstatement within three years after expiration
No examination is required for this applicant pathway.
Application channel
Electronic reinstatement is offered within two years; otherwise request a mail-in application within three years, received at least 30 days before the three-year period ends.
Character
Meet the good-character and reputation requirement.
Continuing education
Complete applicable CE for the period without licensure.
Expiration window
Apply within three years after the last valid expiration date.
Fees
Pay the statutory reinstatement fee; the Board also demands past-due renewal fees.

Official no-examination sources

Effective from 2026-09-22.

Renewal of an active or renewable inactive license
No examination is required for this applicant pathway.
Affiliation
Report current broker affiliation as applicable.
Continuing education
Complete at least 15 CE clock hours during the preceding two-year term, at least 30 days before expiration, with the mandated topic distribution under §17-315. A broker or designated branch manager/team leader includes the 1.5-hour supervision course. A commercial-only licensee substitutes the statutory ADA requirement for the fair-housing requirement. CE course assessments are educational conditions, not independently registered licensure examinations.
Credit report
Broker renewal requires the credit report specified by §17-314(c)(1)(vi); the Board requires a full report including public records no older than six months.
Eligibility
Hold a renewable license and remain entitled to licensure; apply before expiration for a further two-year term and pay the fee (§17-314).
Military deployment
Business Regulation §2.5-104 permits the unit to excuse late-renewal penalties caused by deployment and allow CE completion within a reasonable period after renewal.

Official no-examination sources

Effective from 2026-09-22.

Restoration after summary suspension conditions are satisfied
No examination is required for this applicant pathway.
Suspension order
Under §17-328(c), summary suspension continues until the licensee complies with the Commission order conditions or the Commission orders another disposition after a hearing. Any individual conditions or sanctions remain binding; the statutory restoration boundary names no examination.

Official no-examination sources

Effective from 2026-09-22.

Temporary Nonresident Real Estate Broker License

Temporary commercial-transaction authorization for a nonresident broker cooperating with a Maryland licensed broker.

Licensing authority: Maryland Real Estate Commission · Application information

Temporary nonresident commercial real estate transaction license
No examination is required for this applicant pathway.
Application
Submit names, addresses, telephone numbers, business-entity and salesperson details, the agreement, license proof, consents to service of process and disciplinary jurisdiction, other requested information, and the $45 statutory temporary-license fee.
License elsewhere
Hold a current, valid and active real estate broker license outside Maryland; submit proof for the broker and each participating affiliated nonresident salesperson.
Maryland cooperation
Provide services through a Maryland licensed broker and enter a written cooperation and compensation agreement allocating responsibility and agreeing to Maryland-law compliance.
Reciprocal treatment
The origin jurisdiction must either allow a Maryland broker a similar temporary license or waive its examination and qualification requirements for Maryland licensees (§17-537(c)); that jurisdiction examination is only a condition, never a Maryland leaf.
Scope
Only qualifying commercial real estate under §17-536, excluding agricultural zoning and single-family units conveyed individually; receive Commission approval. Trust funds go into the Maryland broker trust account.

Official no-examination sources

Effective from 2026-09-22.

Maryland Real Estate Broker State Portion

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
40 scored questions; additional unscored experimental items may be administered
Time limit
30 minutes
Passing score
70% (28 of 40 points)
Exam fee
$44 per registration for one or both portions
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
    • Examination of Records (Broker Only)
  • 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

National Broker Exam — National Portion (Real Estate Principles and Practices)

Provider
PSI Services LLC
Format
National portion of state real estate broker licensing examinations with its own minimum passing score; scenario-based questions with more than four options and one best answer, each option weighted zero, one or two points; candidates who fail one portion retake only that portion
Examination outline
  • I. Property Ownership (Broker 10%) (10%)
    • A. Real and personal property; conveyances
    • B. Land characteristics and legal descriptions: 1. Metes and bounds method of legal property description; 2. Lot and block (recorded plat) method of legal property description; 3. Government survey (rectangular survey) method of legal property description; 4. Measuring structures (linear and square footage); 5. Land measurement
    • C. Encumbrances and effects on property ownership: 1. Types of liens and their effect on the title and value of real property; 2. Easements, rights of way and licenses, including their effect on the title, value and use of real property; 3. Encroachments and their effect on the title, value and use of real property; 4. Potential encumbrances on title, such as probate, leases, or adverse possession; 5. Property rights that may be conveyed separately from use of the land surface, such as mineral and other subsurface rights, air rights, or water rights
    • D. Types of ownership: 1. Ownership in severalty/sole ownership; 2. Implications of ownership as tenants in common; 3. Implications of ownership in joint tenancy; 4. Forms of common-interest ownership, such as Timeshares, Condominiums and Co-ops; 5. Property ownership held in a trust or by an estate; 6. Ownership by business entities; 7. Life Estate ownership
  • II. Land use Controls (Broker 5%) (5%)
    • A. Government rights in land: 1. Government rights to impose property taxes and special assessments; 2. Government rights to acquire land through eminent domain, condemnation and escheat
    • B. Government controls on land use
    • C. Private controls: 1. Deed conditions or restrictions on property use; 2. Subdivision covenants, conditions and restrictions (CC&Rs) on property use; 3. Condominium and owners’ associations regulations or bylaws on property use
  • III. Valuation (Broker 8%) (8%)
    • A. Appraisals: 1. Appraisals for valuation of real property; 2. Situations which require appraisal by a licensed or certified appraiser and brokerage-related actions that constitute unauthorized appraisal practice; 3. General steps in appraisal process
    • B. Estimating Value: 1. Economic principles and property characteristics that affect value of real property; 2. Sales or market comparison approach to property valuation and appropriate uses; 3. Cost approach to property valuation and appropriate uses; 4. Income analysis approach to property valuation and appropriate uses
    • C. Comparative Market Analysis (CMA): 1. Competitive/Comparative Market Analysis (CMA), BPO or equivalent; 2. Automated Valuation Method (AVM), appraisal valuation and Comparative Market Analysis (CMA)
  • IV. Financing (Broker 9%) (9%)
    • A. Basic Concepts and Terminology: 1. Loan financing (for example, points, LTV, PMI, interest, PITI); 2. General underwriting process (e.g., debt ratios, credit scoring and history); 3. Standard mortgage/deed of trust clauses and conditions; 4. Essential elements of a promissory note
    • B. Types of Loans: 1. Conventional loans; 2. Amortized loans, partially amortized (balloon) loans, interest-only loans; 3. Adjustable-rate mortgage (ARM) loans; 4. Government Loans — a. FHA insured loans; b. VA guaranteed loans; c. USDA/Rural Development loan programs; 5. Owner financing (for example, installment or land contract/contract for deed); 6. Reverse-mortgage loans; 7. Home equity loans and lines of credit; 8. Construction loans; 9. Rehab loans; 10. Bridge loans
    • C. Financing and Lending: 1. Real Estate Settlement Procedures Act (RESPA), including kickbacks; 2. Truth-in-Lending Act (Regulation Z), including advertising; 3. Requirements and time frames of TRID (TILA-RESPA Integrated Disclosures); 4. Equal Credit Opportunity Act; 5. Lending Process (application through loan closing); 6. Risky loan features, such as prepayment penalties and balloon payments
  • V. Contracts (Broker 19%) (19%)
    • A. General Contract Law: 1. General principles of contract law; 2. Elements necessary for a contract to be valid; 3. Effect of the Statute of Frauds; 4. Offer and a contract; 5. Enforceability of contracts; 6. Void, voidable and unenforceable contracts; 7. Bilateral and unilateral contracts; 8. Nature and use of option agreements; 9. Notice, delivery, acceptance and execution of contracts; 10. Appropriate use, risks, and advantages of electronic signatures and paperless transactions; 11. Rights and obligations of the parties to a contract; 12. Possible remedies for breach or non-performance of contract; 13. Termination, rescission and cancellation of contracts
    • B. Purchase and Lease Contracts: 1. Addenda and amendments to contracts; 2. Purchase agreements; 3. Contract contingencies and methods for satisfying them; 4. Leases and rental agreements; 5. Lease-purchase agreements; 6. Types of leases
    • C. Proper handling of multiple offers and counteroffers
  • VI. Agency (Broker 13%) (13%)
    • A. Agency and non-agency relationships: 1. Agency relationships and how they are established; 2. Types of listing contracts; 3. Buyer brokerage/tenant representation contracts; 4. Other brokerage relationships, including transaction brokers and facilitators; 5. Powers of attorney and other assignments of authority; 6. Conditions for termination of agency or brokerage service agreements
    • B. Agent Duties: 1. Fiduciary duties of agents; 2. Agent's duties to customers/non-clients, including honesty and good faith
    • C. Agency Disclosures: 1. Disclosure of agency/representation; 2. Disclosure of possible conflict of interest or self-interest
  • VII. Property Disclosures (Broker 7%) (7%)
    • A. Property Condition: 1. Seller's property condition disclosure requirements; 2. Property conditions that may warrant inspections or a survey; 3. Red flags that warrant investigation of public or private land use controls
    • B. Environmental and Government Disclosures: 1. Environmental issues requiring disclosure; 2. Federal, state, or local disclosure requirements regarding the property
    • C. Disclosure of material facts and material defects
  • VIII. Property Management (Broker 5%) (5%)
    • A. Duties and Responsibilities: 1. Procurement and qualification of prospective tenants; 2. Fair housing and ADA compliance specific to property management; 3. How to complete a market analysis to identify factors in setting rents or lease rates; 4. Property manager responsibility for maintenance, improvements, reporting and risk management (BROKER ONLY); 5. Handling landlord and tenant funds; trust accounts, reports and disbursements (BROKER ONLY); 6. Provisions of property management contracts (BROKER ONLY)
    • B. Landlord and tenant rights and obligations
  • IX. Transfer of Title (Broker 6%) (6%)
    • A. Types of deeds
    • B. Title Insurance and Searches: 1. Title insurance policies and title searches; 2. Potential title problems and resolutions; 3. Marketable and insurable title
    • C. Closing Process: 1. When transfer of ownership becomes effective; 2. Process and importance of recordation; 3. Settlement procedures (closing) and parties involved; 4. Home and new construction warranties
    • D. Special Processes: 1. Special issues in transferring foreclosed properties; 2. Special issues in short sale transactions; 3. Special issues in probate transactions
  • X. Practice of Real Estate (Broker 12%) (12%)
    • A. Antidiscrimination: 1. Federal Fair Housing Act general principles and exemptions; 2. Protected classes under Federal Fair Housing Act; 3. Protections against discrimination based on gender identity and sexual orientation; 4. Prohibited conduct under Federal Fair Housing Act (Redlining, Blockbusting, Steering, Disparate Treatment); 5. Fair housing advertising rules; 6. Americans with Disabilities Act (ADA) obligations pertaining to accessibility and reasonable accommodations
    • B. Legislation and Regulations: 1. Licensees’ status as employees or independent contractors; 2. Antitrust laws and types of violations, fines and penalties; 3. Do-Not-Call List rule compliance; 4. Proper use of Social Media and Internet communication and advertising
    • C. Duties and Responsibilities: 1. Protection of confidential personal information (written, verbal or electronic); 2. Duties when handling funds of others in transactions; 3. Licensee responsibility for due diligence in real estate transactions
    • D. Supervisory Responsibilities (BROKER ONLY): 1. Broker's supervisory responsibilities (licensees, teams and unlicensed assistants and employees) (BROKER ONLY); 2. Broker relationship with licensees (employees or independent contractors and governing rules) (BROKER ONLY)
  • XI. Real Estate Calculations (Broker 6%) (6%)
    • A. Calculations for Transactions: 1. Seller’s net proceeds; 2. Buyer funds needed at closing; 3. Real property tax and other prorations; 4. Real property transfer fees; 5. PITI (Principal, Interest, Taxes and Insurance) payments estimate given loan rate and term
    • B. General Concepts: 1. Equity; 2. Rate of return/Capitalization rate; 3. Loan-to-Value ratio; 4. Discount points and loan origination fees
Examination sources