{"id":117930,"date":"2023-09-01T22:21:41","date_gmt":"2023-09-01T22:21:41","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=117930"},"modified":"2023-09-01T22:21:43","modified_gmt":"2023-09-01T22:21:43","slug":"psi-real-estate-exam","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/01\/psi-real-estate-exam\/","title":{"rendered":"PSI Real Estate Exam (MD State Portion)Latest 2023 Graded A+"},"content":{"rendered":"\n<p>Real Estate brokerage is govern by: \u2714\u27141. Satutory Law &#8211; Brokers Act &#8220;Title 17&#8221;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>Administrative Law &#8211; Code of Maryland Regulations (COMAR)<br>Regulation is enacted and enforced by MD Real Estate Commission (MREC)<br>Brokerage Services: \u2714\u2714For consideration:<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Selling, buying, exchanging, or leasing<\/em> any real estate or collecting rent<\/li>\n\n\n\n<li>Assisting to <em>locate\/obtain<\/em> for purchase\/lease any residential real estate<\/li>\n\n\n\n<li>Serving as a consultant<br>Engage regularly in a business of\u2026<\/li>\n\n\n\n<li><em>Dealing\/lease\/option<\/em> in real estate<\/li>\n\n\n\n<li><em>Promoting<\/em> the sale of real estate through a listing in a publication<\/li>\n\n\n\n<li><em>Subdivides<\/em> land located in any state into lots and then selling those lots<br><br>Transfer of Affiliation \u2714\u2714- <em>Apply to commission<\/em> for transfer from one broker to another,<br>after obtaining from the new broker a commitment<\/li>\n\n\n\n<li>Need a <em>statement confirming termination<\/em> from former broker or themselves.<br>Advisable but not required by law the former broker be informed of the details of the transfer.<br>Continuing education sales associate \u2714\u271415 clock hours, a clock hour is 50 minutes of actual<br>instruction on a 60 minute course.<br>Must renew license every 2 years from date you activate your license, required CEU&#8217;s:<\/li>\n\n\n\n<li>3 Agency<\/li>\n\n\n\n<li>3 Ethics, Flipping, Predatory Lending<\/li>\n\n\n\n<li>3 Legislative<\/li>\n\n\n\n<li>1.5 Fair Housing<\/li>\n\n\n\n<li>4.5 Your choice<br>Total 15 hours<br>Commission issues three levels of license for individuals and\u2026 \u2714\u2714Broker, associate broker and<br>salesperson<br><br>it issues certificate for branch manager and registers time-share developers.<br>Commission has subtypes of each level \u2714\u2714Resident, non-resident, reciprocal or temporary, for<br>commercial,<br>Associate Broker and sales person license include from subtypes \u2714\u2714Resident, non-resident and<br>reciprocal<br>Maryland has reciprocal license with \u2714\u2714Pennsylvania and Oklahoma<br>General agents \u2714\u2714Are sales persons and associate brokers<br>Special Agents \u2714\u2714Brokers are special agents to their clients<br>Persons not subject to the Brokers act when performing acts of RE Brokerage title 17 \u2714\u271417102<\/li>\n\n\n\n<li>Persons acting under a <em>judgement or court order<\/em><\/li>\n\n\n\n<li><em>Public officers<\/em> performing duties of their office<br><\/li>\n\n\n\n<li><em>Landlords<\/em> or owners of any real estate, unless their primary business is providing real estate<br>brokerage services<\/li>\n\n\n\n<li>Persons engaging in a single transaction selling or leasing real estate, or by *power of attorney<br>*for the owner<\/li>\n\n\n\n<li>Auctioneers<\/li>\n\n\n\n<li>Persons acting as receivers, trustees, personal representatives, or guardians<br>Persons who must conform to the brokers act but are not required to hold brokerage license \u2714\u2714-<br><em>Financial institutions<\/em> for foreclosure<\/li>\n\n\n\n<li><em>Lawyers<\/em> who do not regularly engage in the real estate business<\/li>\n\n\n\n<li>Home builders<\/li>\n\n\n\n<li>Agents of a licensed real estate broker property manager<\/li>\n\n\n\n<li>Persons who negotiate the sale, lease or transfer of business when the sale does not include any<br>interest in real property other than the lease of the property<\/li>\n\n\n\n<li>Owners who subdivide and sell not more than six lots of their own unimproved property in one<br>calendar year. If they or their family have owned the property for more than 10 years there is no<br>limit.<br>Maryland Realestate commission consists of \u2714\u27149 members<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate brokerage is govern by: \u2714\u27141. Satutory Law &#8211; Brokers Act &#8220;Title 17&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-117930","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=117930"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=117930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=117930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=117930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}