Real Estate Licensing Maryland-Real-Estate-Salesperson Exam - Topic 3 Question 14 Discussion

Actual exam question for Real Estate Licensing's Maryland-Real-Estate-Salesperson exam

Question #: 14
Topic #: 3

[All Maryland-Real-Estate-Salesperson Questions]

What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

AThe agent can accept the bonus without any disclosure requirements.

BThe agent must disclose the bonus to any buyers they are working with on the transaction.

CThe agent should keep the bonus confidential and not inform the broker.

DThe agent should pay the bonus to the broker.

Show Suggested Answer

Suggested Answer: B

Comprehensive and Detailed Explanation:

Under Maryland Code of Ethics (COMAR 09.11.02.33A) and Maryland Business Occupations and Professions 17-322(a)(23), a licensee must disclose any compensation, commission, fee, or bonus received from a party other than their client in the transaction.

If a seller offers an undisclosed bonus to the buyer's agent, that bonus must be fully disclosed in writing to the buyer (the agent's client) before acceptance. Failure to do so constitutes an ethical and legal violation. The payment, once disclosed, must be processed through the agent's broker, who is responsible for all compensation distribution.

Maryland 60-Hour Principles and Practices Course -- ''Fair Housing and Ethics'' Module; COMAR 09.11.02.33A(23); Maryland Business Occupations and Professions 17-322.

by Trina at May 16, 2026, 10:19 AM

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Maurine

16 days ago

I think I remember something about disclosure being really important in real estate transactions, so maybe it's B?

upvoted 0 times

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