A Maryland real estate broker, Sandra, was convicted of theft in a Maryland court. She did not report the conviction to MREC within the required timeframe. Under the Maryland Real Estate Brokers Act, Sandra's failure to report the conviction is itself a separate ground for disciplinary action. Within how many days of the conviction must a Maryland licensee notify MREC?
Correct Answer
A) 30 days
Under Md. Code Ann., Bus. Occ. & Prof. § 17-320, a Maryland real estate licensee who is convicted of a crime must notify MREC within 30 days of the conviction. Failure to provide timely notice is itself a separate violation subject to disciplinary action, independent of the underlying criminal conviction.
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Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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