A licensed real estate salesperson in Maryland is working with a seller who owns a single-family home and wants to sell it without accepting offers from buyers who receive public assistance. The seller claims he qualifies for the owner-exemption under Maryland law because he is not using a broker. Which of the following is most accurate?
Correct Answer
D) The seller loses any potential exemption by using a licensed real estate salesperson, and the restriction on public assistance recipients violates Maryland's source of income protection.
Under the Maryland Fair Housing Act, any potential owner-exemption for single-family home sales is lost the moment a licensed real estate professional is involved in the transaction. Additionally, Maryland adds source of income as a protected class under Md. Code Ann., State Gov't § 20-701 et seq., meaning a seller cannot refuse buyers based solely on their receipt of public assistance or housing vouchers. The salesperson cannot follow discriminatory instructions from the seller — doing so would expose both the salesperson and the broker to fair housing liability.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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