Psi md state stuvia - Study guides, Class notes & Summaries
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PSI Real Estate Exam (MD State Portion) Questions With Correct Answers
- Exam (elaborations) • 37 pages • 2024
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Real Estate brokerage is govern by: - Answer 1. Satutory Law - Brokers Act "Title 17" 
2. Administrative Law - Code of Maryland Regulations (COMAR) 
 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
 
Brokerage Services: - Answer For consideration: 
- *Selling, buying, exchanging, or leasing* any real estate or collecting rent 
- Assisting to *locate/obtain* for purchase/lease any residential real estate 
- Serving as a consultant 
 
Engage regularly in a business of.....
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PSI MD State Exam Questions With Correct Answers to
- Exam (elaborations) • 9 pages • 2024
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The Real Estate Commission Duties - Answer - Investigates complaints of unlicensed brokerage activity 
- Investigate complaints about license behavior 
- Conduct hearings and administer oaths 
- Issue subpoenas for attendance of witness or production of evidence. 
- Take Dispositions 
- Seek injustices 
 
Guaranty Fund - Answer Reimburses the public with financial losses at the hands of a real estate licenses and their unlicensed employees 
 
* Initial licensee applications require to pay $20 a...
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