Md. Code Regs. 09.11.01.09 - Instruction in Real Estate Principles and Practices for Salespersons
A. Course of
Instruction.
(1) Every applicant for
licensure as a real estate salesperson shall furnish, at the time of filing an
application for licensure, evidence of having satisfactorily completed a course
of instruction in Real Estate Principles and Practices for
Salespersons.
(2) This course of
instruction shall be one of the following:
(a)
The Realtors Institute of Maryland (G. R. I.) Course "I" consisting of a
minimum of 60 clock-hours of instruction as described under §B of this
regulation, sponsored by the Maryland Association of Realtors;
(b) A course approved by the Maryland Real
Estate Commission, consisting of a minimum of 60 clock-hours of
instruction.
B. The minimum 60 clock-hour educational
requirement for a salesperson shall embrace the following areas of study:
(1) Principles of Real Property;
(2) Landlord-Tenant Relationship;
(3) Real Estate Contracts;
(4) Rules of Agency and Listings;
(5) Transfer of Title to Real
Property;
(6) Title Insurance and
Settlements;
(7) Fundamentals of
Appraising;
(8) Real Estate
Finance;
(9) Maryland Real Estate
License Law;
(10) Regulations of
the Real Estate Commission;
(11)
Details of the Code of Ethics;
(12)
Laws and Practices Covering Human Rights and Community Relations;
(13) Basic Mathematics Pertaining to the Real
Estate Industry;
(14) Property
Condition Disclosure and Latent Defects;
(15) Laws and Regulations Covering Hazardous
Substances.
C. Any
subjects other than those set out in §B of this regulation shall be in
addition to, and not be taught as a part of, the minimum 60 clock-hour course
requirements.
D. Courses required
by this regulation are not interchangeable with the requirements for brokers
spelled out in Regulation .14 of this chapter. Likewise, the separate course
for brokers required by Regulation .14 will not be accepted as satisfactory
completion of the education requirements for salespersons, as set forth in this
regulation.
E. An individual who
demonstrates by evidence satisfactory to the Commission active and regular
engagement in real estate practice as a licensed real estate salesperson in a
jurisdiction other than Maryland may be considered to have satisfied the
educational requirement for a salesperson set forth in this regulation if the
prelicensing education requirements of that jurisdiction are equivalent to or
greater than those of Maryland.
F.
Effective July 1, 1995, applicants who have passed both parts of the licensing
exam shall apply for licensure within 1 year of successfully completing the
exam in order for the applicants' test results to remain valid.
G. Completion of Examination.
An applicant for a salesperson's license shall have 1 year from completion of a prelicensing education course to pass both portions of the salesperson licensing examination. An applicant who does not pass both portions of the licensing examination within 1 year of the course completion date must complete a new prelicensing course in order to be eligible to take or retake the examination.
Notes
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