Both you and your broker might be penalized for significant offenses when they were known to them, and both of you could have your licenses suspended or revoked.
Both you and the broker might get fines and have your licenses revoked or suspended.
The most severe penalty will consist of a real estate license being revoked and a hefty fine exceeding $10,000. This could occur if a Maryland real estate broker collects rental income on the client's behalf but does not give the client access to the funds.
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