Licensing Requirements Flashcards
Which of the following is exempt from obtaining a real estate license?
a. A lawyer who does not provide real estate brokerage services
b. Someone who subdivides land as a business
c. Someone collecting rent for the use of real estate
d. Someone serving as a consultant for real estate services
(a) A lawyer who does not provide real estate brokerage services
Lawyers have a limited license exemption. It only applies to activities in the performance of practicing law.
Which of the following requires a real estate license?
a. An attorney-at-law in the performance of the practice of law
b. Someone who, for compensation, helps someone buy property
c. Someone engaging in real estate activities for no compensation or expectation of compensation
d. Someone performing property management services for someone else
(b) Someone who, for compensation, helps someone buy property
A license is not required for any real estate related activities if the services are performed without
Which of the following is NOT a type of license issued in Maryland?
a. Real estate salesperson
b. Real estate broker
c. Real estate associate broker
d. Real estate managing broker
(d) Real estate managing broker
Maryland issues a real estate broker license, a real estate associate broker license, and a real estate
salesperson license. Maryland does not have a real estate managing broker license.
A real estate salesperson must be at least
a. 18 years old.
b. 21 years old.
c. 25 years old.
d. 30 years old.
(a) 18 years old.
The minimum age to obtain a real estate salesperson license is 18 years.
To obtain a real estate salesperson license the applicant must have
a. 30 hours of pre-license education.
b. 45 hours of pre-license education.
c. 60 hours of pre-license education.
d. 90 hours of pre-license education.
(c) 60 hours of pre-license education.
Sixty hours of pre-license education are required to obtain a real estate salesperson license.
Which of the following is NOT required to obtain a real estate salesperson license?
a. A high school diploma or the equivalent
b. Good character and reputation
c. 60 hours of pre-license education
d. A minimum age of 18 years old
(a) A high school diploma or the equivalent
A high school degree or the equivalent is not required to obtain a real estate salesperson license. Sixty hours of pre-license education is required.
How many years of active experience as a real estate salesperson are required to obtain a real estate broker license?
a. 1 year
b. 2 years
c. 3 years
d. 5 years
(c) 3 years
To obtain a real estate broker license, the applicant must have 3 years’ experience as a full-time salesperson.
An owner of real estate may sell unimproved lots without a license if
a. the owner is a certified public accountant.
b. six or fewer unimproved lots are sold per year.
c. the owner is an attorney-at-law.
d. the owner posts a $50,000 bond with the Real Estate Commission.
(b) six or fewer unimproved lots are sold per year.
An owner can typically sell property without a license but the sale of 7 or more unimproved lots per year requires a license.
To obtain a Maryland real estate broker license, the applicant must be at least
a. 25 years old.
b. 21 years old.
c. 20 years old.
d. 18 years old.
(d) 18 years old.
To obtain any real estate license in Maryland the applicant must be at least 18 years old.
To obtain a real salesperson license the applicant must show proof of
a. 100 hours of pre-license education.
b. 90 hours of pre-license education.
c. a high school diploma or the equivalent.
d. a broker commitment that the applicant will affiliate with the broker.
(d) broker commitment that the applicant will affiliate with the broker.
The Real Estate Commission will not issue a real estate salesperson license unless it is assured that the salesperson will be supervised by a real estate broker. The pre-license education requirement for a salesperson is 60 hours.
A person with an inactive license
a. may not renew the license.
b. may provide limited real estate brokerage services under the direct supervision of an associate
broker.
c. may not provide any real estate brokerage services.
d. may only receive 50% of the firm’s usual commission.
(c) may not provide any real estate brokerage services.
For purposes of allowable activities, an inactive license is the same as having no license. A person with an inactive license cannot provide any real estate brokerage services.
Who is exempt from having to obtain a real estate license?
a. A homebuilder in the initial sale of a home built by the builder
b. A certified public accountant
c. Someone with a bachelor’s degree or better
d. A licensed insurance agent
(a) A homebuilder in the initial sale of a home built by the builder
Homebuilders often have partial or full license exemption.
A Maryland real estate broker license expires
a. 4 years from the date it was issued.
b. on July 1st of every year.
c. on September 1st of odd numbered years.
d. 2 years from the date it was issued.
(d) 2 years from the date it was issued.
A Maryland broker real estate license expires exactly 2 years after it has been issued.
The license of a real estate salesperson must be
a. displayed in the real estate salesperson’s office or cubicle.
b. kept in a safe or other secure place in the broker’s office.
c. displayed in a conspicuous place in the broker’s office.
d. kept by the Real Estate Commission.
(c) displayed in a conspicuous place in the broker’s office.
Brokers are responsible for displaying the licenses of their affiliated licensees.
Which of the following is NOT required to reactivate a real estate salesperson license from inactive status?
a. Payment of a fee
b. Successful completion of a reactivation exam
c. Completion of continuing education requirements
d. Commitment of affiliation from a broker
(b) Successful completion of a reactivation exam
Maryland does not have a reactivation exam that must be passed to reactivate an inactive license.
