Section 2 Unit 2

Ebony is a licensed real estate salesperson in Maryland. Which of the following does she NOT need to submit to the commission as part of her license renewal? a. A credit report b. Proof of broker affiliation c. Proof of continuing education completion d. Renewal application and fee

a. A credit report

You should _____ before you affiliate with a broker. a. Ask lots of questions b. Ask only about the commission rate c. Build your own website d. Refrain from asking any questions

a. Ask lots of questions

Steven, a newly licensed salesperson, just received his pocket card. When is Steven required to carry the pocket card with him? a. At all times when conducting business b. Never; it must be maintained at the brokerage office c. When hosting open houses d. When meeting prospective clients for the first time

a. At all times when conducting business

Damon lives in Frederick but is affiliated with a broker in downtown Baltimore. He'd like to affiliate with a broker closer to home but doesn't want to sever his relationship with his current broker. What needs to happen in order for Damon to be able to work for both brokerages? a. Both brokers need to send a letter to the commission stating their approval of the arrangement and that there is no conflict of interest. b. He can't work for more than one broker at a time. c. He needs to send the commission a letter requesting dual licensure. d. He needs to submit proof to the commission that both brokerages will benefit from his dual licensure.

a. Both brokers need to send a letter to the commission stating their approval of the arrangement and that there is no conflict of interest.

When selecting a broker to affiliate with you should _____. a. Do your homework and pick one who is located in the area where you would like to work and is a good fit b. Not ask any questions about the training programs that are offered c. Pick the closet one to your house d. Pick the most recognizable one in town and work for the broker, despite low pay and lack of attention

a. Do your homework and pick one who is located in the area where you would like to work and is a good fit

Bobbi received a notice from the Maryland Real Estate Commission that she was being investigated for failure to properly supervise her affiliated licensees. At her hearing next month, she needs to present evidence to the contrary. Which of the following is NOT considered evidence of reasonable and adequate supervision, as defined by the commission? a. Employee timecards b. Forms that each licensee signed stating that they'd received the firm's policies and procedures manual c. Meeting sign-in sheets that licensees signed d. Records that Bobbi reviewed advertising

a. Employee timecards

Gregory is a salesperson at Gardner Homes. Linda is his sponsoring broker. Which of the following best describes what happens with Gregory's pocket card? a. Gregory must carry his pocket card at all times. b. Linda must carry Gregory's pocket card at all times. c. Linda stores Gregory's pocket card. d. Salespersons do not receive pocket cards.

a. Gregory must carry his pocket card at all times.

Jason has completed 60 hours of Maryland pre-licensing real estate education, met the minimum requirements, and passed his licensing examination. What else does he need in order to receive an active license when applying for licensure? a. Affidavit of signed consent and approval b. Affiliation with a supervising broker c. An additional 20 hours of education d. An irrevocable consent form

b. Affilication with a supervising broker

In Maryland, which type(s) of licensee must take 15 hours of continuing education every renewal cycle? a. Associate brokers only b. Brokers, associate brokers, and salespersons c. Brokers only d. Salespersons only

b. Brokers, associate brokers, and salespersons

When _____ in Maryland, you must submit a statement of affiliation from the new broker and a statement of affiliation termination from the former broker along with your transfer application. a. Becoming affiliated with a second broker b. Changing brokers c. Moving to a home outside the current brokerage's business area d. Obtaining an additional license

b. Changing brokers

In Maryland, how often must real estate salespersons renew their license? a. Every three years b. Every two years c. Every two years in even years d. Every year

b. Every two years

Linda is the sponsoring broker at Gardner Homes. Which of the following best describes what happens with her license? a. Linda can choose whether to store or display her license at Gardner Homes. b. Linda displays her license at Gardner Homes. c. Linda keeps a copy of her license at home for safekeeping. d. Linda stores her license at Gardner Homes.

b. Linda displays her license at Gardner Homes.

Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose license must be displayed in the brokerage office? a. None are required to be displayed. b. Only Sandrine's license is required to be displayed; the salesperson licenses must be retained. c. Only the licenses of the five salespersons must be displayed. d. Sandrine's license must be displayed, as well as the licenses of the five salespersons.

b. Only Sandrine's license is required to be displayed; the salesperson licenses must be retained.

George has his salesperson license and would like to be affiliated with more than one broker. In order to do this, what must George have? a. 30 additional hours of education b. A broker's license c. Agreement from both brokers d. Residence in multiple states

c. Agreement from both brokers

How does a Maryland broker's license renewal differ from a salesperson's license renewal? a. Brokers have to renew every three years and salespersons have to renew every two years. b. Brokers must take the 15 hours of CE salespersons take, plus an additional three hours of broker supervision coursework. c. Instead of having 4.5 hours of electives, brokers must take three hours of broker supervision coursework and only 1.5 hours of electives. d. There is no difference between license renewals for brokers and salespersons.

c. Instead of having 4.5 hours of electives, brokers must take three hours of broker supervision coursework and only 1.5 hours of electives.

Broker Pat was so busy enjoying her semi-retired life that she failed to supervise new salesperson Dina adequately and Dina engaged in unintentional discrimination. What must happen to Pat's license? a. If Dina's license is revoked, Pat's is automatically suspended. b. If Dina's license is suspended, pat's is automatically suspended as well. c. It could be suspended or revoked. d. Nothing. Only Dina's license is in danger.

c. It could be suspended or revoked.

Ellen just completed a whirlwind continuing education marathon, taking all 15 of her required CE hours in the span of one weekend with a company called Last Minute Real Estate Education. It's just in the nick of time, too: Ellen's license is set to expire the following week. How will the CE hours get reported to the commission? a. Ellen must create digital copies of her completion certificates and email them to the commission's license renewal email address. b. Ellen must send her completion certificates to the commission via certified mail. c. Last Minute Real Estate Education must electronically submit Ellen's completion data to the commission. d. Last Minute Real Estate Education must issue Ellen a completion certificate, which she must then submit electronically to the commission.

c. Last Minute Real Estate Education must electronically submit Ellen's completion data to the commission.

Samantha affiliated with broker Jenny as soon as she was licensed. Samantha just celebrated her two-year anniversary with the brokerage. How much longer must she be affiliated before she qualifies for a broker's license? a. Another three years b. Eight more years c. One more year d. Only until she's 21 years old

c. One more year

How do you change your supervising broker in Maryland? a. File an affidavit from both brokerages approving the switch at the county clerk's office. b. Just start working at the new brokerage. c. Submit a statement of affiliation from the new broker and a statement of affiliation termination from the former broker along with your transfer application to the commission. d. Tell your current brokerage you're leaving after your license is transferred to the new brokerage.

c. Submit a statement of affiliation from the new broker and a statement of affiliation termination from the former broker along with your transfer application to the commission.

The Maryland Real Estate Commission may discipline brokers who do not reasonably and adequately supervise their affiliated licensees. Which of the following does the commission NOT consider in determining whether supervision was reasonable and adequate? a. The number of affiliated licensees b. The number of branch offices and managers in each office c. The number of mandatory work hours expected of independent contractors d. The types of real estate actvities the firm performs

c. The number of mandatory work hours expected of independent contractors

Tiara's Maryland salesperson's license is going to expire next week if she doesn't complete all of the required continuing education hours. She's completed three hours of agency, three hours of legislative updates, 1.5 hours of fair housing, and three hours of electives. What other coursework does she need to complete in order to renew her license? a. 1.5 hours of ethics (including professionalism) and 1.5 more hours of electives b. 1.5 hours of ethics (including professionalism) and three more hours of electives c. Three hours of ethics (including professionalism) and 1.5 more hours of electives d. Three hours of ethics (including professionalism) and three more hours of electives

c. Three hours of ethics (including professionalism) and 1.5 more hours of electives

In Maryland, reasonable and adequate supervision includes a broker's responsibility to make training and educational sessions available to affiliated licensees at least every _____. a. Quarter b.Six months c. Two months d. Two weeks

c. Two months

If a license expires due to non-renewal, it must be reinstated within what time period? a. Within 30 days b. Within one year c. Within three years b. Eithin two years

c. Within three years

When Janet, a licensed Maryland salesperson, transfers to a new brokerage, what happens to her license and pocket card? a. Her former broker destroys them. b. Her former broker gives them to Janet to provide to her new broker. c. Her former broker gives them to the new broker. d. Her former broker returns them to the commission.

d. Her former broker returns them to the commission.

Jerome let his license expire four years ago when his wife had twins and decided to become a stay-at-home dad. Now that the twins have started preschool, Jerome would like to resume his real estate practice. What does he have to do in order to reinstate his license? a. He must complete all outstanding continuing education requirements. b. He must complete all outstanding continuing education requirements and retake the Maryland exam. c. He must send the commission proof of his affiliation with a new broker. d. His license has been expired too long. He has to start the pre-licensing process from scratch.

d. His license has been expired too long. He has to start the pre-licensing process from scratch.

What type of license would Sarah be eligible for if she is new to real estate and does not yet have a supervising broker lined up? a. Active broker license b. Active salesperson license c. Inactive broker license d. Inactive salesperson license

d. Inactive salesperson license

Janet is a 20-something salesperson at a small country brokerage. She enjoys her job but longs for the city life. She would like to change brokerages. Which of the following is true? a. Janet must remain with her current broker until she obtains her associate broker's license. b. Janet must remain with her current broker until she renews her license. c. Janet will need to obtain a different license to be affiliated with more than one brokerage. d. Janet will need to submit a transfer application to the commission.

d. Janet will need to submit a transfer application to the commission.

Gregory is a salesperson at Gardner Homes. Linda is his sponsoring broker. Which of the following best describes what happens with Gregory's license? a. Gregory carries his license in his wallet at all times. b. Gregory keeps a copy of his license at home for safekeeping. c. Gregory keeps his license at his desk at Gardner Homes. d. Linda stores Gregory's license at Gardner Homes.

d. Linda stores Gregory's license at Gardner Homes.

Mary is a broker and would like to operate more than one brokerage. What must she do? a. Complete 30 additional hours of education b. Exchange her current broker's license for a new one c. Hire an associate broker d. Obtain a separate broker's license for each brokerage

d. Obtain a separate broker's license for each brokerage

What are some roles and responsibilities of your sponsoring broker? a. Give you freedom to learn the ropes on your own. b. Make sure you show up to work each day. c. Renew your license on time. d. Supervise and train you.

d. Supervise and train you.

DeShawn has been licensed as a salesperson in Maryland for 18 months. Which of the following statements is true about his upcoming license renewal? a. DeShawn must complete 18 hours of continuing education in order to qualify for renewal. b. DeShawn must complete his continuing education at least 14 days before his license's expiration date. c. Since this is his first renewal period, DeShawn only needs to complete 12 hours of continuing education. d. The commission will send DeShawn a renewal reminder 30 days before his license's expiration date.

d. The commission will send DeShawn a renewal reminder 30 days before his license's expiration date.

Maryland salesperson Claire has been licensed for a little over a year. She's a bit of an overachiever, so she's already completed 12 hours of her required continuing education. Her broker Darnell's license is renewing on August 28. Claire must make sure that her license is renewed by _____. a. August 28 (the same date that broker's license must be renewed) b. July 28 (one month before her broker's license must be renewed) c. September 29 (one month after her broker's license must be renewed) d. The date printed of her license

d. The date printed of her license

Seo-yun completed all of her Maryland salesperson licensure requirements and submitted her documentation and licensing fees to the commission. A few days later, her broker presented her with her new license. What's wrong with this scenario? a. Licenses are issued at least 30 days after submission of documentation, not within a few days. b. Seo-yun should've gone to the commission office to pick up her new license. c. Seo-yun should've submitted her documentation to her broker, not the commission. d. The license should've also come with a pocket card.

d. The license should've also come with a pocket card.

What's one benefit to affiliating with a broker? a. Increased liability b. Lack of administrative support c. Split commission with the broker. d. Training

d. Training