Document Diligence: Safeguarding Your Transactions
A veteran broker once said, "No one ever failed in this business because of the paperwork." It's true: Real estate is a relationship-based business. However, to protect consumers and yourself, knowing how to manage the paperwork--whether it's cotton bond and ink or bits and bytes--is integral to your role. Maintaining detailed and organized records, even for transactions that don't close, not only satisfies regulatory requirements, it also protects your license. It proves you did what you were supposed to do when you were supposed to do it.
We can't do anything about paper cuts, but if you're ready to become more comfortable selecting and using documents to ensure on-time, accurate, and litigation-free real estate transactions, let's do this.
Course highlights include:
- Typical transaction documents
- Standard clauses, addenda, and contingencies
- How to practice within the scope of your license (but avoid unauthorized practice of law)
- How to field and manage multiple offers
- Managing signatures, notarizations, and identification
- Best practices in transaction management
- Best practices in document retention
- Keeping documents secure, both hard copy and digital
- Wire fraud prevention
State Requirements For Maryland
Maryland State Requirement Details for Real Estate Continuing Education
Renewal Date: Every two years from the date of original licensure
Hours Required: 15 hours
Effective 10/1/2023 -All first time licensees who were issued an initial real estate associate broker or salesperson license on or after 10/1/23, the subject matter of continuing education courses is different. Please click here to be redirected to the correct page for first time renewals.
SUBSEQUENT RENEWALS - subsequent renewal licensees are required to complete the following:
RESIDENTIAL Salespersons and Associate Brokers: 15 hours
- 3.0 Legal & Legislative (A)
- 3.0 Brokerage Relationships and Disclosure (H)
- 3.0 Ethics (D)
- 2.0 Fair Housing (C)
- 4.5 Electives
COMMERCIAL Designation (SOLELY - NO RESIDENTIAL BUSINESS) Salespersons and Assoc. Brokers: 15 hours
- 3.0 Legal & Legislative (A)
- 3.0 Brokerage Relationships and Disclosure (H)
- 3.0 Ethics (D)
- 6.0 Electives
Note: Legislative topic (A), Ethics topic (D), and Brokerage Relationships and Disclosure (H) are required Maryland courses for all licensees.
Maryland Real Estate Commission
Street Address: 100 S. Charles Street, Tower 1 Baltimore, MD 21201
Telephone: 410-230-6200
Fax: 410-962-8483