A Maryland file reviewer reviews a branch transfer about Maryland hours state-specific include hours Maryland mortgage-related before submission. Which answer is best supported?
Correct Answer
C) Maryland's 5 hours of state-specific PE must include 3 hours of Maryland mortgage-related law and 2 hours of Maryland finder's fee law, and may be satisfied through a Maryland comprehensive course or state-specific elective course.
Maryland's 5 hours of state-specific PE must include 3 hours of Maryland mortgage-related law and 2 hours of Maryland finder's fee law, and may be satisfied through a Maryland comprehensive course or state-specific elective course.
Why This Is the Correct Answer
Maryland's 5 hours of state-specific PE must include 3 hours of Maryland mortgage-related law and 2 hours of Maryland finder's fee law, and may be satisfied through a Maryland comprehensive course or state-specific elective course.
Why the Other Options Are Wrong
Option A: Use a advertising approval exception instead of satisfying the rule before activity continues.
Use a advertising approval exception instead of satisfying the rule before activity continues. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Close or renew first, then decide whether the advertising approval needs a compliance correction.
Close or renew first, then decide whether the advertising approval needs a compliance correction. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Proceed before the required Maryland license, sponsorship, disclosure, record, or approval is in place.
Proceed before the required Maryland license, sponsorship, disclosure, record, or approval is in place. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
MD -> md-application-education-testing-and-renewal
Exam Tip
For Maryland education questions, remember 20 PE hours with 5 Maryland-specific hours and 8 CE hours with 1 Maryland law hour.
Common Mistakes to Avoid
- -Using a national baseline answer when Maryland has a state-specific rule
- -Confusing NMLS workflow, Maryland Office of Financial Regulation requirements, COMAR rules, and statutory requirements
- -Treating temporary authority, inactive status, or exemptions as blanket permission
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