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09.11.02.00.htm 09.11.02.00. Title 09 MARYLAND DEPARTMENT OF LABOR Subtitle 11 REAL ESTATE COMMISSION Chapter 02 Code of Ethics Authority: Business Occupations and Professions Article, §17-207 and 17-208, Annotated Code of Maryland
09.11.02.01.htm 09.11.02.01. 01 Relations to the Public.. A. The licensee shall remain informed of matters affecting real estate in the community, the State, and the nation.B. The licensee shall be informed on current market conditions in order to be in a position to advise clients as to the fair market price.C. The licensee shall protect the public against fraud, misrepresentation, or unethical practices in the real estate field. The licensee shall endeavor to eliminate in the community any practices whic
09.11.02.02.htm 09.11.02.02. 02 Relations to the Client.. A. In accepting employment as an agent, the licensee shall protect and promote the interests of the client. This obligation of absolute fidelity to the client's interest is primary, but it does not relieve the licensee from the statutory obligations towards the other parties to the transaction.B. In justice to those who place their interests in the licensee's care, the licensee shall endeavor always to be informed regarding laws, proposed le
09.11.02.03.htm 09.11.02.03. 03 Relations to Fellow Licensees.. A. The agency of a licensee who holds an exclusive listing, shall be respected.. B. The licensee shall cooperate with other brokers on property listed by the licensee exclusively whenever it is in the interest of the client, and share commissions on a previously agreed basis. Negotiations concerning property listed exclusively with one broker shall be carried on solely with the listing broker.C. Signs giving notice of property for sale, rent,
09.11.02.9999.htm 09.11.02.9999. Administrative History Effective date:. Regulation .01A―D amended effective March 17, 1976 (3:6 Md. R. 358) May 1, 2000 (27:8 Md. R. 798). Regulation .01C repealed May 12, 1976 (3:10 Md. R. 529). Regulation .01C adopted effective June 9, 1976 (3:12 Md. R. 643). Regulation .01E amended effective October 23, 1968. Regulation .01E amended effective March 17, 1976 (3:6 Md. R. 358) May 1, 2000 (27:8 Md. R. 798). Regulation .01F―H amended effective March 17, 1976 (3:6 Md. R. 358).
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