Question

A licensee is a bit short of money but wishes to renew within the appropriate time frame. Unfortunately, the check bounces. How does the Maryland Real Estate Commission view this unfortunate occurrence?

A)
An act violating the code of ethics; license may not be renewed
B)
Proper renewal, but only a certified check or money order will be accepted for the renewal fee
C)
License can only be renewed upon payment of renewal fee, collection fee of $50, and successfully completing an ethics course
D)
Not a proper renewal; renewal fee and collection fee of $25 are due

Answer 1

If a licensee's check bounces when attempting to renew a real estate license in Maryland, it's not considered a proper renewal. They are required to pay the renewal fee along with a collection fee of $25.

Step-by-step explanation:

When a licensee attempts to renew their real estate license and the issued check bounces, the Maryland Real Estate Commission considers it not to be a proper renewal. According to the scenario described, the correct response would be the option that states the renewal of the license is not proper; the renewal fee and a collection fee of $25 are due. In actual regulatory practice, the specific consequences and fees can vary based on the jurisdiction and the prevailing real estate laws at the time.

If this were a multiple choice question, and the answers are as provided, the licensee in Maryland would need to pay the renewal fee along with the collection fee and provide a new form of payment that the commission deems acceptable, typically a cashier's check or money order.