Maryland Regulatory Environment Flashcards

1
Q

What is the term of a Maryland Real Estate Commissioner?

A

5 years

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2
Q

How many members are on the Maryland Real Estate Commission?

A

9

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3
Q

Laws and regulations related to real estate licensing are enforced by the

A

Real Estate Commission.

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4
Q

If the racial stability of an area is threatened by the volume of real estate transactions, the Real Estate Commission may

A

Declare the area a real estate conservation area.

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5
Q

A disciplinary order may be appealed to the

A

Circuit Court

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6
Q

Penalties collected by the Real Estate Commission must be

A

Placed in the General Fund of the State

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7
Q

The Maryland Real Estate Commission consists of

A

5 real estate licensees and 4 consumers

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8
Q

Who conducts real estate licensee disciplinary hearings?

A

Real Estate Commission and the Office of Administrative Hearings

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9
Q

The Maryland Code of Ethics for real estate is adopted by the

A

Real Estate Commission

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