Real Estate Brokr
  • Real Estate Brokr
    • A - L >
      • Alabama
      • Alaska >
        • Alaska Full
      • Arizona >
        • Arizona Full
      • Arkansas
      • California >
        • California Full
      • Colorado >
        • Colorado Full
      • Connecticut
      • Delaware
      • District of Columbia
      • Florida >
        • Florida Full
      • Georgia >
        • Georgia Full
      • Hawaii
      • Idaho >
        • Idaho Full
      • Illinois >
        • Illinois Full
      • Indiana
      • Iowa
      • Kansas
      • Kentucky
      • Louisiana
    • ----------
    • M - O >
      • Maine >
        • Maine Full
      • Maryland
      • Massachusetts
      • Michigan >
        • Michigan Full
      • Minnesota >
        • Minnesota Full
      • Mississippi
      • Missouri
      • Montana
      • Nebraska >
        • Nebraska Full
      • Nevada >
        • Nevada Full
      • New Hampshire
      • New Jersey
      • New Mexico
      • New York >
        • New York Full
      • North Carolina
      • North Dakota
      • Ohio
      • Oklahoma
      • Oregon >
        • Oregon Full
    • ----------
    • P - Z >
      • Pennsylvania
      • Rhode Island
      • South Carolina
      • South Dakota >
        • South Dakota Full
      • Tennessee
      • Texas >
        • Texas Full
      • Utah >
        • Utah Full
      • Vermont
      • Virginia
      • Washington >
        • Washington Full
      • West Virginia
      • Wisconsin >
        • Wisconsin Full
      • Wyoming >
        • Wyoming Full
    • ----------
    • Biz Brokr >
      • * Alaska
      • Arizona
      • California
      • * Colorado
      • Florida
      • * Georgia
      • * Idaho
      • * Illinois
      • * Maine
      • Michigan
      • Minnesota
      • * Nebraska
      • Nevada
      • * Oregon
      • South Dakota
      • * Texas
      • Utah
      • Washington
      • Wisconsin
      • * Wyoming
  • Brokerage
    • Free BOV
    • Topics >
      • MAP
      • Types of Agency
      • Designation
      • Suggestions
  • Contact
  • Register
  • Real Estate Brokr
    • A - L >
      • Alabama
      • Alaska >
        • Alaska Full
      • Arizona >
        • Arizona Full
      • Arkansas
      • California >
        • California Full
      • Colorado >
        • Colorado Full
      • Connecticut
      • Delaware
      • District of Columbia
      • Florida >
        • Florida Full
      • Georgia >
        • Georgia Full
      • Hawaii
      • Idaho >
        • Idaho Full
      • Illinois >
        • Illinois Full
      • Indiana
      • Iowa
      • Kansas
      • Kentucky
      • Louisiana
    • ----------
    • M - O >
      • Maine >
        • Maine Full
      • Maryland
      • Massachusetts
      • Michigan >
        • Michigan Full
      • Minnesota >
        • Minnesota Full
      • Mississippi
      • Missouri
      • Montana
      • Nebraska >
        • Nebraska Full
      • Nevada >
        • Nevada Full
      • New Hampshire
      • New Jersey
      • New Mexico
      • New York >
        • New York Full
      • North Carolina
      • North Dakota
      • Ohio
      • Oklahoma
      • Oregon >
        • Oregon Full
    • ----------
    • P - Z >
      • Pennsylvania
      • Rhode Island
      • South Carolina
      • South Dakota >
        • South Dakota Full
      • Tennessee
      • Texas >
        • Texas Full
      • Utah >
        • Utah Full
      • Vermont
      • Virginia
      • Washington >
        • Washington Full
      • West Virginia
      • Wisconsin >
        • Wisconsin Full
      • Wyoming >
        • Wyoming Full
    • ----------
    • Biz Brokr >
      • * Alaska
      • Arizona
      • California
      • * Colorado
      • Florida
      • * Georgia
      • * Idaho
      • * Illinois
      • * Maine
      • Michigan
      • Minnesota
      • * Nebraska
      • Nevada
      • * Oregon
      • South Dakota
      • * Texas
      • Utah
      • Washington
      • Wisconsin
      • * Wyoming
  • Brokerage
    • Free BOV
    • Topics >
      • MAP
      • Types of Agency
      • Designation
      • Suggestions
  • Contact
  • Register
A-Z Prev State
A-Z Next State

Maryland Real Estate

Out of State Licensee (OSL) Participation in deals:
Cooperative State

- An out-of-state licensee can receive temporary license from Commission for specific real estate transaction.
- An out-of-state licensee must:
     a) file a license application with Commission,
     b) listing all salespeople who will work on transaction as well as consenting to jurisdiction in the state;
     c) enter into a cooperative arrangement with Maryland broker specifying commission amounts as well delineating responsibility;
​     d) file cooperative agreement with Commission.

License Types

Real Estate Salesperson
Real Estate Broker

Education Provider

PSI Exams

Waivers

Education Waiver Possible
​Experience Waiver Possible
Picture

Need a Real Estate or Business Broker?

Submit

Reciprocity

Pennsylvania, Oklahoma*
Any State**

* Pennsylvania applicants are excused from Exams and Continuing Education (CE). Oklahoma applicants must pass the State exam but are excused from CE.

** Any State may apply for Waivers but must pass the Exam.

Specific to Maryland

- DUAL AGENCY BANNED, DESIGNATED ALLOWED

Reverse Reciprocity

​These states specifically mention Maryland in their Reciprocity: 
DC, Nevada (Salesperson Only), Oklahoma, Pennsylvania

These States recognize any other State licenses but may have additional requirements: 
​Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington

Links

​Reciprocity Page
​Dept of Labor, Licensing & Regulation - Maryland Real Estate Commission

Customs

Attorneys conduct closings, and there has to be a local attorney involved.
Conveyance is by grant deed, and the deed must state the consideration involved. Although mortgages are common in some areas, deeds of trust are more prevalent as security instruments. Security instruments may include a private power of sale, so it naturally is the foreclosure method of choice.
Maryland uses ALTA policies and endorsements.
Buyers pay closing costs, title insurance premiums, and transfer taxes.
Property taxes are due annually.

​* Police officers in Prince George’s County who are first-time home buyers get a break on their transfer taxes at closing under a law that took effect July 1, 2006.  Officers pay 1 percent of the purchase price rather than 14%, the regular rate.  County school teachers were made eligible for the same tax break in an earlier law without the first-time buyer limitation.  Teachers must commit to living in the house for at least three years and maintain their teaching position with the county during that time.
Home     Definitions
Licensed through our network in Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Louisiana, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.  Proxy Agents in all other states currently.
© COPYRIGHT 2017-2018 Ciriello Investments | ALL RIGHTS RESERVED.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to accuracy of the information displayed. Nothing on this website is meant to be legal advice, any references to licensing or legal matters are the opinion of the website owner based on individual research and nothing more.  User must do independent evaluation of the material presented.  References to licensing and sources may be dated. User shall verify the information and bears all risk for any inaccuracies.  
✕