If you're interested in a real estate career here in Maryland, you have several options including real estate sales, appraisals, title, mortgage loan officer, and home inspector. Following is a list of the required coursework, along with links to Anne Arundel Community College classes that will satisfy those requirements.
1. Real Estate Salesperson License - The Maryland Real Estate Commission requires 60 clock hours of approved training and a licensing exam. Salesperson license renewal requirements vary, depending upon how long an agent has been licensed. Additional coursework, a licensing exam, and three years experience are required to obtain a broker's license.
2. Appraiser License - NOTE: New requirements, effective January 2008. Six appraisal courses totaling 150 hours of classroom study are required, along with course exams and 2,000 documented hours of appraisal experience within 24 months before taking the state exam. Appraiser License Renewal requires 42 hours of continuing education approved by the Commission of Maryland Real Estate Appraisers and the 7-hour national USPAP update course or its equivalent at least once every two calendar years.
3. Title Certification - This license requires 20 hours of classroom instruction and 10 hours of independent study as well as passing the Maryland State Title Licensing exam.
4. Mortgage Loan Officer Certification- 40 hours of coursework approved by the Maryland Commission of Financial Regulation and an exam are required for New Loan Officers to become licensed or renew their license.
5. Home Inspector - NOTE: New requirements, effective January 2008. Home inspectors are required to take either a 48-hour or 16-hour course, depending on their previous experience and training, and pass a licensing exam.
If you have any questions about licensing requirements, contact the Maryland State Department of Licensing and Labor Relations (DLLR) at 410-230-6379. The above information is believed to be correct, but it is subject to change and is not guaranteed. Updated (AACC): 10/9/07
The required coursework generally familiarizes students only with federal and state laws impacting licensees in that field. However, they are not "how-to" classes, and additional practical training will be an important next step, after licensing. Typically, this can be obtained from the company with which new licensees affiliate.
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DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
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Margaret Woda, REALTOR and Associate Broker
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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 721-1500
What really upsets me is that home inspector are not held liable for their inspections. Why is it if I measure a house and the square footage is wrong, I can be sued. If the inspector makes the same mistake, no consequence. Makes no sense.
Cynthia - You're right. I guess the "out" is that they inspect the property at a moment in time, and can't be responsible if the condition changes later the same day.
Katerina - I think licensing of home inspectors is, indeed, a new thing everywhere. I prefer a home inspector who has done over 40,000 inspections, so having a license will not - in my opinion - make him any better qualified. But I do support setting a minimum threshold of qualifications.
Hey Margaret -
As you know, I am a mortgage broker in the Annapolis, Maryland area. I find myself looking for new blood with no bad habits to bring in and train the correct way for loan originating. Yes -business is slow but the playing field is much smaller. All in all, for a young aggressive professional looking to break into a high income sales job,I believe it is a wonderful time to dive into the business.
If anyone from any part of the country here on Active rain wants to ask a mortgage professional with 15 + years questions pertaining to entering a new profession, I would be glad to my take on your questions. As I am only licensed in Maryland and Virginia, I would not be interested in soliciting anyone. I just love what I do and encourage anyone with true talent to jump on board. I am sure the same goes for Margaret and any Real estate questions as well as all the other great people here on AR that are connected to this business in other capacities.