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Other brokers and agents may focus on representing buyers or tenants in a real estate transaction. However, licensing as a broker or salesperson authorizes the licensee to legally represent parties on either side of a transaction and providing the necessary documentation for the legal transfer of real property.
The Maryland Department of Labor (called the Department of Labor, Licensing, and Regulation until 2019 [1]) is a government agency in the U.S. state of Maryland. [2] It is headquartered at 1100 North Eutaw Street in Baltimore .
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
The Maryland State Bar Association (MSBA) is a voluntary bar association for the state of Maryland. [6]The association's mission is "to effectively represent Maryland’s lawyers, to provide member services, and to promote professionalism, diversity in the legal profession, access to justice, service to the public and respect for the rule of law."
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
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Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. [1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ...
Founded in the UK in 1855, the history of Savills North America dates back to 1954 when the company, Julien J. Studley, Inc., was founded by Julien J. Studley. [1]In December 2002, Mitchell S. Steir led a group of 45 brokers to buy the company from Julien J. Studley.