Lauren Bunting Broker MD & DE

Detailed list of requirements to become Realtor

Friday, June 06, 2014, Lauren Bunting

Have you ever wondered what qualifications your Realtor encompasses?

To be a licensed Realtor, there is a detailed list of requirements, not only to obtain your license initially, but also to maintain your license with ongoing continuing education.

To initially obtain a license from Maryland, Realtors are required to complete a course of instruction in Real Estate Principles and Practices for Salespersons. This course of instruction shall be either the Realtors Institute of Maryland (G. R. I.) Course I, consisting of a minimum of 60 clock-hours of instruction, and sponsored by the Maryland Association of Realtors; or a course approved by the Maryland Real Estate Commission, consisting of a minimum of 60 clock-hours of instruction. The minimum 60 clock-hour educational requirement for a salesperson shall include the following areas of study: Principles of Real Property; Landlord-Tenant Relationship; Real Estate Contracts; Rules of Agency and Listings; Transfer of Title to Real Property; Title Insurance and Settlements; Fundamentals of Appraising; Real Estate Finance; Maryland Real Estate License Law; Regulations of the Real Estate Commission; Details of the Code of Ethics; Laws and Practices Covering Human Rights and Community Relations; Basic Mathematics Pertaining to the Real Estate Industry; Property Condition Disclosure; and Laws and Regulations Covering Hazardous Substances.

Once a Realtor license is obtained, the continuing education requirement in Maryland is currently 15 hours every two years that include the following: Maryland Real Estate Commission Agency-Residential course; Legislative course, Fair Housing course, MD Code of Ethics course and four and a half hours of electives.Quadrennial ethics training is also a membership requirement in the National Association of Realtors. This required ethics course covers NAR’s Code of Ethics and describes specific articles throughout the document.

As an example, here are a few of the Standards of Practice from Article 1 of the Code of Ethics which is the first article that addresses a Realtor's duties to clients and customers.

• Standard of Practice 1-3: Realtors, in attempting to secure a listing, shall not deliberately mislead the owner as to market value.

• Standard of Practice 1-4: Realtors, when seeking to become a buyer/tenant representative, shall not mislead buyers or tenants as to savings or other benefits that might be realized through use of the Realtor’s services

• Standard of Practice 1-5: Realtors may represent the seller/landlord and buyer/tenant in the same transaction only after full disclosure to and with informed consent of both parties.

• Standard of Practice 1-6: Realtors shall submit offers and counter-offers objectively and as quickly as possible.

If you are interested in reviewing the entire NAR Code of Ethics, visit http://www.realtor.org.

Lauren Bunting is a licensed Realtor with Bunting Realty, Inc. in Berlin.

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

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Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

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