Final answer:
The Maryland Real Estate Commission (MREC) may refuse to issue, suspend, or revoke a license based on grounds such as fraud, conviction of a crime, unethical conduct, failure to meet qualifications, and violation of laws.
Step-by-step explanation:
The Maryland Real Estate Commission (MREC) may refuse to issue, suspend, or revoke a license based on several grounds. Some of these grounds include fraud or deceit in obtaining a license, conviction of a crime directly related to the real estate profession, engaging in unethical conduct, failure to maintain the required qualifications, and violation of any laws or regulations governing real estate activities.
For example, if a licensee is found guilty of embezzlement or any other crime that directly relates to their duties as a real estate agent, the MREC may suspend or revoke their license. Similarly, if a licensee engages in dishonest business practices, such as misrepresenting property information or padding commission fees, the MREC may take disciplinary action.
It is important for real estate professionals to abide by ethical standards, maintain their qualifications, and conduct business in compliance with the law and regulations, in order to avoid the risk of having their license refused, suspended, or revoked by the MREC.