the pre-licensing education and exam requirements again.

Lesson 1: Maintaining Your License in Maryland Flashcards

License Renewal :If you do not reinstate an expired license

within the three year time period, you will have to complete the pre-licensing education and exam requirements again.True

Physical License :Earning your license is the first step.

Then you must maintain it. The commission will want to ensure that you are staying apprised of the latest changes to real estate law and practice. Renewal will involve ensuring that you're up to date in your continuing education requirements.If you do not have a sponsoring broker, you will receive a copy of your license and pocket card with the words "Inactive" stamped on them.False

Continuing Education :Your salesperson license expires

after two years. To renew it, you will be required to meet continuing education requirements, pay a fee, and submit a renewal application to the commission. Select all of the correct choices that apply to continuing education requirements in Maryland.

• Maryland requires real estate licensees to take continuing

education courses to stay up to date on changes in the industry.- Salespersons must complete at least 15 hours of CE course hours every renewal cycle.Brokers must complete at least 15 hours of CE course hours every renewal cycle.- Continuing education requirements must be met every two years.

License Renewal :Continuing education requirements apply

to licensees on active and inactive status.True- In order to reactivate or renew an inactive license, you must meet the continuing education requirements.

Physical License :Earning your license is the first step.

Then you must maintain it. The commission will want to ensure that you are staying apprised of the latest changes to real estate law and practice. Renewal will involve ensuring that you're up to date in your continuing education requirements.Your sponsoring broker retains your salesperson's license.True

License Renewal :You must complete the required

continuing education in order to renew your license.True - You cannot renew your license until you have completed the required continuing education. If you do not, your license will expire. You will have three years to meet the CE requirements and reinstate your license. After that, you have to start all over - just like a new licensee.

Physical License :Earning your license is the first step.

Then you must maintain it. The commission will want to ensure that you are staying apprised of the latest changes to real estate law and practice. Renewal will involve ensuring that you're up to date in your continuing education requirements.Your pocket card shows your name and that of your sponsoring broker.True

Physical License :Earning your license is the first step.

Then you must maintain it. The commission will want to

ensure that you are staying apprised of the latest changes to real estate law and practice. Renewal will involve ensuring that you're up to date in your continuing education requirements.You must carry your pocket card with you whenever you engage in real estate activities.True

Inactive Licenses and Reactivation :If your license is in

inactive status, you can't perform any activities that would require a real estate license. Select what is true or false about an inactive license.Renewing an inactive license makes it active.False

Inactive Licenses and Reactivation :If your license is in

inactive status, you can't perform any activities that would require a real estate license. Select what is true or false about an inactive license.There is a fee for changing license status.True

Inactive Licenses and Reactivation :If your license is in

inactive status, you can't perform any activities that would require a real estate license. Select what is true or false about an inactive license.You must affiliate with a supervising broker to change your license status to active.True

Inactive Licenses and Reactivation :If your license is in

inactive status, you can't perform any activities that would require a real estate license. Select what is true or false about an inactive license.An inactive license must be reactivated within three years.True - If a license isn't reactivated within this timeframe, then the license holder must go through the licensing process (including pre-licensing education and examination requirements)

Inactive Licenses and Reactivation :If your license is in

inactive status, you can't perform any activities that would require a real estate license. Select what is true or false about an inactive license.You must request reactivation, pay a fee, and submit broker affiliation commitments.True

License Renewal :If your license expires due to

nonrenewal, you can reinstate it as long as it has not been more than three years since the expiration date.True