MD RE Broker study materials
MD RE Broker study resources

MD RE Broker study plan

MD RE Broker · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

Maryland Real Estate License Law, Regulations, and Commission Operations

  • Map the Maryland Real Estate Commission's structure, statutory authority, and rulemaking role, then diagram how licensee discipline flows from complaint to final order.

  • Outline the licensing pathways (salesperson, associate broker, broker) including experience, education, and examination prerequisites, and note where broker supervision duties attach.

  • List the required disclosures, advertising rules, and recordkeeping duties that appear most often in Commission enforcement actions.

  • Build a one-page table of Maryland-specific penalties, hearing rights, and appeal routes for license violations.

Your checkpoint

A two-page annotated outline of Domain 1 with a 20-item self-quiz and answer key covering licensing, discipline, and Commission operations.

Week 2

Maryland Real Estate License Law, Regulations, and Commission Operations & Brokerage Practice, Agency Relationships, and Disclosures

  • Distinguish the Maryland agency relationship types (single agency, dual agency, designated agency) and state the written consent each requires.

  • Explain fiduciary duties and how they shift when a broker represents both sides or designates intra-office agents.

  • Draft sample disclosure language a Maryland broker would deliver at first substantive contact and at dual agency consent.

  • Compare Maryland agency rules against common-law agency concepts to spot exam traps around undisclosed dual agency.

Your checkpoint

A side-by-side agency disclosure comparison chart plus three written sample disclosures ready for client delivery.

Week 3

Listing and Buyer Representation Agreements, Advertising, and Records & Brokerage Business Management, Supervision, and Fair Housing Compliance

  • Compare exclusive right to sell, exclusive agency, and open listing agreements on commission exposure, termination, and Maryland-required terms.

  • Identify advertising rules including team names, licensee identification, and internet/social media advertising compliance.

  • Specify brokerage record retention requirements, transaction file contents, and how long records must be kept.

  • Draft a supervisory checklist a managing broker would use to audit agent advertising and transaction files.

Your checkpoint

A transaction-file and advertising compliance checklist with a sample listing agreement annotated for required Maryland terms.

Week 4

Trust Accounts, Funds Handling, and Settlement Statements & Real Estate Calculations and Problem Solving

  • Classify funds as trust versus non-trust and identify when earnest money must be deposited and where it may be held.

  • Reconcile a sample trust account ledger and detect shortages, commingling, or misposted disbursements.

  • Compute commission splits, referral fees, and net-to-seller figures from a settlement statement.

  • Solve proration problems for taxes, rent, and utilities using the actual/365 and 30-day methods.

Your checkpoint

A completed practice settlement statement with reconciled trust ledger and a 15-problem calculation set showing all work.

Week 5

Ownership, Estates, Liens, Encumbrances, and Title Transfer

  • Differentiate freehold estates, leasehold estates, and concurrent ownership forms recognized in Maryland, including tenancy by the entirety.

  • Trace how title passes by deed, inheritance, and operation of law, and identify deed elements required for valid conveyance.

  • Rank liens by priority and distinguish general from specific liens, including mechanic's lien and tax lien treatment.

  • Explain easements, encroachments, and other encumbrances by type and effect on marketable title.

Your checkpoint

A title-and-estates reference sheet with 10 scenario questions on lien priority, deed validity, and encumbrance classification.

Week 6

Contracts, Financing, and Transaction Disclosures

  • Identify contract elements, statute of frauds requirements, and Maryland disclosure obligations triggered during a transaction.

  • Compare financing instruments and loan types, and explain how financing contingencies and appraisal outcomes affect enforceability.

  • List required seller and agent disclosures, including latent defect and material fact duties, and when each must be delivered.

  • Analyze remedy scenarios: specific performance, earnest money forfeiture, and rescission rights.

Your checkpoint

A contract-and-financing decision tree plus a disclosure timing table covering pre-contract, pre-closing, and post-closing obligations.

Week 7

Land Use, Zoning, Environmental Issues, and Property Valuation & Brokerage Business Management, Supervision, and Fair Housing Compliance

  • Explain zoning classifications, nonconforming use, variance, and special exception processes in Maryland jurisdictions.

  • Identify environmental issues affecting value and disclosure, including wetlands, lead-based paint, and floodplain considerations.

  • Apply the three appraisal approaches and reconcile value indications for a sample property.

  • Outline fair housing protected classes under federal and Maryland law and recognize steering, blockbusting, and discriminatory advertising.

Your checkpoint

A land-use and valuation worksheet with one reconciled appraisal problem and a 10-item fair housing violation identification exercise.

Week 8

Maryland Real Estate License Law, Regulations, and Commission Operations & Brokerage Practice, Agency Relationships, and Disclosures & Trust Accounts, Funds Handling, and Settlement Statements

  • Re-drill the highest-weight domains through timed mixed practice sets and log every missed concept by domain.

  • Re-teach weak areas using your own outlines, then restate each rule in one sentence without notes.

  • Simulate full-length timed conditions and practice pacing across 110-130 question blocks.

  • Finalize a one-page formula and rule sheet for last-day review.

Your checkpoint

Two completed timed practice exams with a scored error log and a finalized one-page formula and rule sheet.

Milestones

Week 2: Score at least 75% on a 30-question mixed set drawn only from Domains 1 and 2, and explain dual agency consent from memory without notes.

Week 4: Reconcile a trust ledger and complete a settlement statement with zero arithmetic errors, and score 80% or better on the 15-problem calculation set.

Week 6: Score at least 75% on a 40-question mixed set across Domains 5 and 6, and correctly classify all lien-priority and disclosure-timing items.

Week 8: Score 80% or higher on two full-length timed practice exams, with no single domain below 70% and all logged errors re-taught.