James is a licensed real estate salesperson in Virginia and has recently relocated to Maryland. He wants to obtain a Maryland salesperson license without retaking the full pre-licensing education. Which Maryland mechanism would most likely allow James to obtain a Maryland license based on his Virginia license?
Correct Answer
D) Reciprocal licensure, if Maryland has a reciprocity agreement with Virginia and James meets Maryland's specific requirements
Maryland offers reciprocal licensure to applicants who hold a valid license in another state with which Maryland has a reciprocity agreement, provided the applicant meets Maryland's specific requirements such as passing the Maryland state portion of the examination and submitting the required application. Reciprocity is not automatic and is subject to the terms of the specific agreement between Maryland and the applicant's home state. Md. Code Ann., Bus. Occ. & Prof. § 17-314 authorizes MREC to enter into reciprocity agreements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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?
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