A real estate investor from Pennsylvania regularly purchases properties in Maryland. The investor does not hold a Maryland real estate license. Under Maryland law, which the PA investor should understand, what limitation generally applies?
Correct Answer
A) The investor does not need a license to buy properties for their own account, but would need one to act as an agent for others
Property investors purchasing for their own account generally do not need a real estate license in any state. The licensing requirement applies to those acting as agents for others (listing, selling, negotiating on behalf of clients), not to individuals buying for their own investment portfolio.
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