Real Estate/ Continuing Education/ Maryland/ MREC Commercial Agency

DL/MREC Commercial Agency (Course Topic: H)

$69

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 0 Mandatory Hours: 3 Total Hours: 3

Description

State Requirements

Maryland real estate is built on strong relationships and a deep understanding of agency, legal responsibilities, and best practices. In this course, you'll explore the core concepts of agency relationships, from their creation to the different types of authority and how compensation works in real estate transactions. You’ll also gain insight into the duties and legal responsibilities of Maryland licensees, ensuring you're well-versed in ethical and lawful practices. Lastly, you'll learn about the factors that contribute to successful commercial real estate transactions in Maryland, covering everything from licensing requirements to common pitfalls and strategies for success. By the end, you’ll be ready to tackle the complexities of Maryland real estate with a clearer, more confident approach.

This three-hour course offers a thorough review of what it means to establish agency relationships, determine compensation, the ethics of real estate practice, strategies for successful commercial real estate transactions, and more.

Course highlights include:

Distinguish commercial vs. non-commercial real estate
Review of commercial lease types
Law of Agency in Maryland
Brokerage agreements
Legal duties
Review of sub-agency
Compensation and agency
Ethical obligations
Creating and terminating agency
Non-resident brokers in Maryland
Levels of supervision
Policies and expertise
Mitigating risk in broker supervision
Customizing form for commercial transactions
Pricing and marketing strategies for commercial real estate
Common pitfalls to avoid in commercial real estate
Case studies to explore real life experiences in commercial real estate

Package Content:

State Requirements For Maryland

Renewal Date: Every two years from the date of original licensure

Hours Required: 15 hours

The CE Shop’s Offering: 15 hours

Reporting: The state requires schools to report course completions within 14 days from the course completion date. Course completions will be reported within this time frame.

Expiration Date of Course: Course expiration dates vary by course but are generally one year after order date. Each individual course will have an expiration date listed in your account.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exams: Final exams must be passed with at least a 70% and may be taken as many times as necessary in order to pass.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

The CE Shop is an approved provider in Maryland. Provider Approval Number: 1727

Effective 10/1/2024 - Students must complete all CE 30 days prior to their license expiring.

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