Module 2 Prelicensing for Real Estate Brokers in Maryland (SELF-PACED)

Module 2: Brokerage Operations – Maryland Real Estate Broker Prelicensing | Self-Paced Online

Run Your Brokerage. Master Compliance. Lead with Confidence.

45-Hour Maryland Broker Prelicensing Course | Module 2 of 3 | Self-Paced Online | MREC & MHEC Approved |

You've mastered the fundamentals; now it's time to learn how to run a brokerage. Module 2: Brokerage Operations dives deep into the ins and outs of operating a real estate brokerage while complying with Maryland Real Estate Commission laws and regulations. This comprehensive self-paced course prepares you for the business, legal, and supervisory responsibilities that come with broker licensure.

From trust account management and record-keeping to supervising agents and handling MREC compliance, this module covers everything you need to know to successfully open, operate, and manage a Maryland real estate brokerage. Whether you plan to start your own firm or take on a leadership role as an associate broker or branch manager, this course provides the operational knowledge essential to your success.

In this 45-hour module, you'll gain critical insights into:

• Maryland Real Estate Brokers Act and MREC regulations
• Setting up and operating a real estate brokerage
• Trust account management and escrow requirements
• Supervising salespersons, associate brokers, and teams
• Record-keeping, documentation, and compliance requirements
• Advertising regulations and marketing compliance
• Risk management and liability protection for brokerages
• Employment relationships: independent contractors vs. employees

Key Topics Include:

• Maryland Real Estate Commission: authority, duties, and enforcement
• Broker licensing requirements and license maintenance
• Types of brokerage structures: sole proprietorship, LLC, corporation, and franchise
• Opening a brokerage: business planning, registration, and MREC requirements
• Office requirements and branch office management
• Trust accounts: setup, management, and MREC audit procedures
• Escrow and earnest money deposit handling
• Record retention requirements under Maryland law
• Supervision responsibilities: brokers, branch managers, and team leaders
• Training, mentoring, and managing licensed agents
• Independent contractor vs. employee classification
• Commission structures, compensation plans, and agreements
• Advertising compliance: MREC rules, truth in advertising, and digital marketing
• Company policies and procedures manual development
• Transaction management and file documentation standards
• Handling complaints, disputes, and MREC investigations
• Risk management: E&O insurance, liability protection, and legal considerations
• Fair housing compliance at the brokerage level
• Ethics and professional standards for brokerage leadership
• Maryland-specific brokerage laws and regulatory updates

Build Your Brokerage Foundation → Click 'Get Course' to Get Started!

Course Format: Self-Paced, Online & Convenient

• 100% online – study from anywhere with an internet connection
• Complete on your schedule – no set class times, no Zoom sessions
• Knowledge checks and quizzes throughout to reinforce key concepts
• Module final exam required to complete (75% passing grade)
• Instant access – start immediately after enrollment
• Approved by the Maryland Real Estate Commission (MREC) and Maryland Higher Education Commission (MHEC)

Course Requirements & Policies

To receive credit for this module, you must:

• ✓ Complete all coursework and knowledge checks
• ✓ Pass the Module 2 final examination with a score of 75% or higher

Broker License Eligibility Requirements (per Maryland Business Occupations & Professions Code §17-305):

• Must be at least 18 years of age
• Must be of good character and reputation
• Must have a high school diploma or GED
• Must have been a licensed real estate salesperson and have actively and lawfully provided real estate brokerage services for at least 3 consecutive years immediately prior to applying for the broker exam
• No breaks in licensure during this 3-year period (inactive status, late renewal reinstatements, or suspensions disqualify the consecutive period)
• Must complete the 135-hour MREC-approved Broker Prelicensing Course (includes 3 clock hours in real estate ethics)
• Must pass the Maryland Real Estate Broker State Licensing Exam administered by PSI

Note: If you are qualified to practice law in Maryland, the educational and experience requirements may be waived by the Commission.

Important Program Deadlines:

• ⚠️ All three modules (135 hours) must be completed within 1 year of enrollment in Module 1. If you do not complete all three modules within one year, you will need to start the entire program over.
• ⚠️ Once you complete all three modules and graduate, you have 1 year from your graduation date to pass the PSI State Licensing Exam.

Refund Policy:

• No refunds once course access has been initiated
• Technical issues? Contact us at [email protected] for assistance

Program Costs – Module 2

Module 1 ($510) includes one-time registration fee and course materials. Module 3 is $430. Total program cost for all three modules: $1,370.

Who Should Take This Course?

• Students who have completed Module 1 of the Maryland Broker Prelicensing Program
• Licensed Maryland salespersons preparing for broker licensure and brokerage management
• Future brokerage owners who need to understand operational and compliance requirements
• Aspiring branch office managers and team leaders seeking advanced management knowledge
• Anyone committed to understanding Maryland brokerage regulations and best practices

The 135-Hour Maryland Broker Prelicensing Program

This is Module 2 of 3 in the complete broker prelicensing program:

Each module has its own final exam. Upon successful completion of all three module exams, you will receive your certificate of completion and can apply for the PSI State Licensing Exam.

Next Steps After Completing All 3 Modules

1. Receive your final, Module 3 Certificate of Completion – Available in your account under 'My Certificates' (must be printed in color)*
   *You must upload your ID to your profile for verification by our team prior to downloading your certificate.
2. Order your Certificate of Licensure from MREC/DLLR – Order Here (current cost $25, takes approximately one week)
3. Complete the PSI Application – View Application & Instructions
4. Wait for PSI approval – Allow up to 2 weeks for processing; you'll receive an email with instructions to pay and schedule your exam
5. Pass your State Exam within 1 year of your graduation date

This self-paced online broker prelicensing course is approved by the Maryland Real Estate Commission (MREC) and Maryland Higher Education Commission (MHEC). Tristar Academy is an approved real estate education provider in Maryland.