Robert is a Maryland licensed real estate broker who has held his broker license for 20 years. He believes that his extensive experience should exempt him from the continuing education requirement at renewal. Under Maryland law, which of the following is correct?
Correct Answer
B) Robert must complete the same continuing education requirement as salespersons regardless of his years of experience
Under Md. Code Ann., Bus. Occ. & Prof. § 17-315, Maryland's continuing education requirement applies to all active licensees, including brokers, regardless of their years of experience. There is no experience-based exemption from the CE requirement under Maryland law. Robert must complete the required CE hours through MREC-approved providers on the same two-year renewal cycle as salespersons.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
More Practice Of Real Estate Questions
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