In the state of Maryland, the Department of Labor, Licensing and Regulation (DLLR) licenses real estate agents and brokers. In order to operate in the state, residents who sell real estate for clients must receive a license in order to show basic competency in the practice of buying and selling real estate. In addition, the DLLR requires agents and brokers to meet continuing education (CE) requirements.
Benefits
In order to receive CE credits, real estate agents must take classes at an approved provider. These classes keep real estate agents up to date with the latest legal information and technology in their field. Through Maryland DLLR's requirements, agents can learn about topics such as fair housing, so that they do not discriminate against clients. The goal of the DLLR's program is to increase the quality of real estate agents within the state.
Types
According to Maryland law, real estate agents may take CE classes in federal, state or local legislative issues. In addition, they may select from antitrust law, fair housing law, real estate ethics, disclosure, real estate brokerage technology and professional enhancement.
Time Frame
According to the Maryland DLLR, all real estate agents must renew their license every two years. Real estate agents who specialize in residential property must take 15 credit hours during this time, including 3.0 legislative, 1.5 fair housing and 3.0 ethics. Commercial agents, who deal exclusively in commercial property, must meet 15 continuing education credit hours, including 3.0 legislative and 3.0 ethics. Students must get 70 percent or higher on an exam to receive credit. The DLLR does not allow for partial-hour credit.
Venue
The Maryland DLLR requires real estate agents to complete CE classes at providers approved by the state organization. Most of these venues are brick and mortar classes that are available in every county in Maryland. Some providers, such as Carruthers Academy of Real Estate, Elite Learning Academy and Long and Foster Institute, allow for distance learning, so real estate agents can complete their course requirements without visiting a classroom.
Out of State
If a real estate agent holds a license in another state and attains CE credits in that state, the Maryland DLLR may allow the agent to transfer these CE credits to Maryland. The agency requires out-of-state real estate agents to submit CE course certificates for approval 30 days before license renewal. The agency accepts these credits on a case by case basis.
