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Maryland · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 MarylandMaryland requires licensees to clarify whom they represent early in a transaction using the "Understanding Whom Real Estate Agents Represent" disclosure, which explains seller's agents, buyer's agents, dual agents, and the consumer's options. A licensee may act as a dual agent only with the informed written consent of both parties, and intra-company agency is handled through designated agents within the same brokerage. Whatever role is chosen, the licensee owes fiduciary-style duties such as loyalty, confidentiality, and accounting to the client they represent.
Yes. State License Law is a scored domain on the Maryland real estate licensing exam, and this topic appears in the state license-law portion.
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Maryland applies its own license law on top of the national portion. This page covers the Maryland rules specifically, which is what the state section of your exam tests.