Maryland: Agents Must Verify Recommended Provider License Status

Reblogger
Title Insurance with Key Title Corporation 63078

Original content by Ron Trzcinski, 410-935-5844 634480

Maryland: Agents Must Verify Recommended Provider License Status

 

Effective August 18, 2014,  real estate agents, in the state of Maryland, must verify, at least, once a year, the licensing status of recommended service providers.

 

Under the rule, if an agent chooses to recommend service providers in conjunction with the real estate transaction, the real estate licensee must:

 

  • Verify that the recommended individuals are licensed to perform those services by checking their licensing status;
  • Give the customer or client an electronic link to the licensing information and the date on which the service provider’s licensing status was verified.  (Most licensing information can be accessed at http://www.dllr.state.md.us/license/ and then choose the respective industry/profession on the right. Title agents are licensed by the Maryland Insurance Administration at http://www.mdinsurance.state.md.us.)

 

The rule applies to “service providers including, but not limited to, a mortgage lender or mortgage broker, a real estate appraiser, a home inspector, a home improvement contractor, a plumber, an electrician or a heating/ ventilation/ air condition/ cooling (HVAC) contractor.”  

 

 

The legislation is shown below:

 

 

 

If the licensee offers the name of a service provider, including, but not limited to, a mortgage lender or mortgage broker, a real estate appraiser, a home inspector, a home improvement contractor, a plumber, an electrician, or a heating/ventilation/air conditioning/cooling (HVAC) contractor, [[to a party in a real estate transaction or a potential transaction]] in the provision of real estate brokerage services, the licensee shall first verify that the provider’s State license to perform those services is current. The licensee shall also give the person the electronic link to the licensing record information as well as the date on which the licensee last verified the information, so that the person may verify continued license status before entering into a contract with the provider.

 

Posted by

Charlene Perry
Key Title, Inc. 
35 Fulford Avenue
Bel Air, MD 20104
410-803-4800

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