Goldstein & Levy, P.A., General Counsel
November 24, 2014 | Agent Alert
Effective Monday, August 18, 2014, the Maryland Real Estate Commission has adopted a new regulation requiring all agents who recommend a service provider in the course of a real estate transaction to VERIFY that the service provider is licensed with the state of Maryland. This applies to the recommendation of a home inspector, plumber, electrician, lender, title company, and more. Agents are required to provide the link to the licensing information as well as the date that you verified their license status. This regulation is now part of the Code of Ethics and stems from consumer complaints about work done by unlicensed contractors. As a precaution, you should verify the status of all of the vendors you currently recommend before referring them to your clients again.
Most licensing information can be found here: www.dllr.state.md.us/license. Failure to provide this information to your client may result in a disciplinary action before the Real Estate Commission. You can be sure that Capitol Title is fully licensed in Maryland, DC and Virginia. We want you to feel confident when recommending our services so for your convenience, we are attaching a copy of our license here. You can also look us up at https://sbs-md.naic.org/Lion-Web/jsp/sbsreports/AgentLookup.jsp
As always, feel free to contact us should you have any questions about this or for any of your settlement needs.
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