Sandra holds a Maryland salesperson license affiliated with Chesapeake Realty. She decides to leave Chesapeake Realty and has not yet affiliated with a new broker. During the period when Sandra is not affiliated with any broker, which of the following accurately describes the status of her license?
Correct Answer
A) Sandra's license is placed on inactive status, and she may not engage in real estate brokerage activities until she affiliates with a new broker
Under the Maryland Real Estate Brokers Act, Md. Code Ann., Bus. Occ. & Prof. § 17-314 et seq., a salesperson's license is placed on inactive status when the licensee is not affiliated with a supervising broker. An inactive licensee may not perform any acts requiring a real estate license. The license is not revoked; it is preserved in inactive status until the salesperson affiliates with a new broker and activates the license through the proper MREC process.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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?
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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?
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- → For the Wyoming salesperson state portion, a first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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