Patricia is a licensed Maryland broker who operates her own sole proprietorship brokerage. She wants to hire her nephew, Kevin, who has just passed the Maryland salesperson examination, as an affiliated salesperson. Before Kevin may begin working for Patricia's brokerage, which of the following must occur?
Correct Answer
A) Kevin must submit his license application and fee to MREC, and MREC must issue his salesperson license before he may engage in any licensed activity
Under Md. Code Ann., Bus. Occ. & Prof. § 17-302 and MREC licensing procedures, a person may not engage in real estate brokerage activities until MREC has actually issued the license. Passing the examination qualifies Kevin to apply for a license, but he must submit a completed application with the required fee, and MREC must issue the license before Kevin may perform any act requiring a real estate license. There is no provision allowing practice prior to license issuance.
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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?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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