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School Catalog

The Maryland Real Estate Academy

MDREA School Catalog 

Mission 

The mission of the Maryland Real Estate Academy is to provide The Principles and  Practices of Real Estate for Salespersons in a professional atmosphere that allows the student to prepare for the Maryland Real Estate Licensing Exam. 

Ownership 

The school is owned by “The MD Home Team, LLC” dba Maryland Real Estate Academy. The officers are: 

President: Michael Patterson

Staff 

School Director : Michael Patterson

School Administrator : Joey Brown

Instructor : Bobbie Ann Foster

School Facility 

The school facilities consist of a building with dedicated space for a classroom of 612 square feet with desks and chairs, erasable boards, and calculators. The facility has an ADA compliant restroom and a kitchen and break area available. Wireless internet  is available for any student who wishes to bring a laptop though it is not required for this class. The school will use white boards 3 x 4 Feet and a Power Point Slide presentation presented from a desktop computer available in the classroom. Free parking for students is available.  

The school business hours are: Monday – Friday from 8:30 a.m. – 5:00p.m. 

Schedule Options: Two schedule options are offered. 

Options 

Days 

Times 

Schedule Summary

Evening

Mondays and Wednesdays  

6-9 p.m. 

6 hours/week for ten weeks

Daytime

Mondays and Thursdays 

 

 

9:30 a.m.- 4 p.m. 

(half-hour lunch) 

12 hours/week for five weeks

 

School Calendar: 

Evening Schedule : Start Dates End Dates 

September 16, 2024 – November 20, 2024

Daytime Schedule :   Start Dates End Dates 

July 15, 2024August 15, 2024

Inclement Weather: 

The school will follow the Baltimore County School closing schedule for inclement weather. Students will be notified via email and text and the scheduled makeup date will be included in that email.

Holidays 

New Year’s Day 

Memorial Day 

Independence Day 

Labor Day 

Thanksgiving Day

Christmas Day

Entrance Requirements: 

All Applicants must be at least 18 years of age. Proof of identity through a valid drivers license or passport is required and a high school diploma or GED is required prior to enrolling in the program.

Note: Criminal convictions may affect students’ ability to be licensed.

Enrollment Procedures:

Students may request an enrollment agreement/contract by calling or visiting the school by appointment during business hours. To complete enrollment, students must meet with school staff to review and sign the enrollment agreement and complete financial arrangements. When enrolled, a student will be accepted into the next available offering of the  program. 

Attendance Policy:

The Maryland Real Estate Commission requires successful completion of 60 clock hours to be eligible for taking the real estate salesperson pre-licensure exam. Therefore, students must attempt to attend every session. All missed hours of classroom instruction must be made up before you may take the final exam. The student shall make arrangements with the instructor in advance to schedule specific date, time, and content needed to make up missed class instruction.

A student must achieve at least an 80% attendance rate in order to successfully complete the program. A student’s attendance will be evaluated and reported in writing to students at the end of each week. If a student’s cumulative attendance rate is below 80% at the end of any week, the student will be counseled by school staff. When a student misses more than 12 hours of the program, the student will be dismissed from the program.

Successful completion requires students to attend the sessions on Maryland Agency and on the Maryland Code of Ethics.

Maximum instructor/student ratio will be 1 instructor to 20 students. 

Masks are optional at this time but subject to change based on circumstances. Mobile/Cell phones must be turned off during class. No photographs may be taken of exams. 

Doors close five minutes after class begins, at that time you will not be permitted entrance. If you leave before the class ends you will not receive clock hours for that class. Arriving late or leaving early from class more than four times will result in dismissal from the program.

Midterm tests are given with one makeup test. You must sit for the first midterm exam and if you fail, you will be given one opportunity to take a second alternate exam. If you fail the alternate midterm, you will be dismissed from the program. Anyone who does not attend the first mid term or final exam will automatically fail the program. 

Leave of Absence:

The school does not have a leave of absence policy.

Make up Policy:

Students must make up all missed hours before being eligible to sit for the midterm or final exam. Hours missed may not exceed 12 hours. Students requiring make up hours are required to contact the instructor for the next available make-up class for the session(s) missed. 

Students who miss more than three hours are required to make up the missed hours during the next program. 

Grading System 

Letter Grade 

Grade Scale 

Academic Assessments: 

4 quizzes 

Mid-term exam 

Final exam

95-100%

85-94%

75-84%

0-74%

 

A student who does not complete the sixty (60) hours of classroom instruction, pass the midterm exam with 

a minimum score of 75% and pass the final exam with a minimum score of 75% will not be eligible to receive 

a certificate of completion and therefore, will not be eligible to sit for the licensing exam. Students must pass with 

a cumulative grade of 75. Students who do not successfully complete the midterm or final exams after two attempts will be dismissed and be required to re-enroll at the student’s own expense.

Satisfactory Academic Progress 

Program work will be evaluated after the midterm exam and reported in writing to the students. Class grades are a combination of quizzes, the mid term exam and the final exam. A permanent record of attendance and  academic achievement for each student shall be maintained and updated at every evaluation. Students who maintain a cumulative grade below 75 for more than four (4) weeks shall be dismissed. 

Identified below is the grading scale for the Principles and Practices of Real Estate for Salespersons Program:

A= 92-100, B= 84-91, C= 75-83, F= 74 or below. 

Cumulative Grade Scale: Quizzes: 20% Midterm: 30% Final Exam: 50%

Graduation/Completion Requirements:

60 clock hours of classroom lecture and all program work must be completed. For evening classes, three clock hours of instruction per day, two days per week for a total of ten weeks. For day classes, six clock hours of instruction per day, two days per week for a total of five weeks. A midterm and final exam must be passed with a grade of no less than 75% and a cumulative class grade of 75%. All payments for any fees are due the first night of class.  

 The school does not grant any credit for previous training or experience and under no circumstance will credit be given. 

Re-Admission Policy:

If a  student withdraws and later wishes to re-enroll a new administrative fee shall be charged.

Program Costs 

Registration fee 

$ 25

Tuition 

$ 255

Text(s) 

$ 95

Total 

$ 375

Modern Real estate Practice 21st Edition ISBN: 9781078818872

Maryland Real Estate Practice and Law 16th Edition ISBN: 9781078805964

Real Estate Principles and Practices for Salespersons Licensure Exam Preparation (60 Clock Hours) 

Program Objective 

Successful completion of this exam preparation program satisfies the minimum educational requirements for eligibility  to take the Maryland Real Estate Salesperson Licensure Examination. The program objectives are to satisfy the  requirements of the Maryland Real Estate Commission for a license to sell real estate. 

The Student-to-Instructor ratio will not exceed 20:1.

Program Subjects (Lecture) 

# of Lecture Hours

Class 1:  

Intro to Real Estate Business

Real Property and the Law

Three (3) Hours 

Class 2:  

Interests in Real Estate 

Forms of RE Ownership

Three (3) Hours

Class 3:  

Land Description

Three (3) Hours

Class 4:  

Transfer of Title 

Title Records

Three (3) Hours

 Class 5

RE Brokerage

Md. Supervision 

Quiz 1

Three (3) Hours

  
  

Class 6

Fair Housing

Three (3) Hours

Class 7

Real Estate Agency

Quiz 2

Three (3) Hours

Class 8

Md. Agency 

Client Representation 

Agreements

Three (3) Hours

Class 9

Real Estate Contracts

Quiz 3

Three (3) Hours

Class 10: 

Broker Visit

Midterm Review

Three (3) Hours

Class 11:

Midterm Exam 

Md. Code of Ethics 

Three (3) Hours

Class 12:

Real Estate Financing 

Three (3) Hours

Class 13:

Gov’t Involvement in RE Financing 

Quiz 4

Three (3) Hours

Class 14:

Closing the RE Transaction

Three (3) Hours

Class 15: 

RE Taxes and other Liens 

Three (3) Hours

  
  

Class 16: 

Real Estate Appraisal 

Three (3) Hours

Class 17: 

Leases 

Property Management 

Three (3) Hours

Class 18: 

Land Use Controls and Property Development 

Environmental Issues and The Real Estate Transaction 

Three (3) Hours

Class 19:

RE Math and Final Exam Review

Three (3) Hours

Class 20:

Final Exam

Three (3) Hours

TOTAL HOURS 

60 Hours

 

Refund policy: 

(1) If the school closes or discontinues a program the school shall refund to each currently enrolled student monies paid by the student for tuition and fees and monies for which the student is liable for tuition and fees.

 (2) All fees paid by a student shall be refunded if the student chooses not to enroll in or to withdraw from the school within 7 calendar days after having signed an enrollment agreement. This involves all fees paid to the school by the student or on behalf of the student.

(3) If the student chooses not to enroll after the 7-day cancellation period but before the first day of instruction, the school may retain the application fee or registration fee, or both.

(4) If, after the 7-day cancellation period expires, a student withdraws after instruction begins, refunds shall be base on the total contract price for the course or program and shall include all fees, except the application, registration or enrollment fee and any charges for materials, supplies, or books which have been purchased by, and are the property of, the student.  The minimum refund that the school shall pay a student who withdraws or is terminated after the 7-day cancellation period has expired and after instruction has begun, is as follows:

Proportion of Total Course or Program Taught by Date of Withdrawal

Tuition Refund

Less than 10%

90% refund

10% up to but not including 20%

80% refund

20% up to but not including 30%

60% refund

30% up to but not including 40%

40% refund

40% up to 50%

20% refund

More than 50%

No refund

(5) The date of withdrawal or termination is the last date of attendance by the student.  A refund due a student shall be based on the date of withdrawal or termination and paid within 60 days from the date of withdrawal or termination.

(6) In the case of an official leave of absence, if a student fails to return to training by the end of the leave of absence, a refund due a student shall be based on the date of withdrawal or termination and paid within 60 days of the scheduled last day of the leave of absence.

Student Services, Rights, Privileges and Responsibilities

Free student parking is available for all enrolled students. Student transcripts will be provided upon written request and placement guidance is available by appointment for those who complete training. 

Transcripts: Students wishing to obtain a transcript must make a request in writing to the school. The cost of an official transcript is $25.00

Placement: While the school cannot guarantee job placement, school staff will be available to advise students who desire employment guidance and assistance.

Student Conduct Policy 

Students are required to act in a manner to reflect credit to themselves, the real estate  profession and the Maryland Real Estate Academy. Students are expected to have the highest level of ethical standards and conduct themselves accordingly. Children, guests and pets are not permitted during program hours. Maryland Real Estate Academy reserves the right to dismiss any student who fails to adhere to and observe school policies and  procedures, is involved in illegal or unethical practices or who does not meet the standards of the school’s academic and attendance requirements. 

Student Grievance Procedure 

Students are encouraged to discuss any issues and concerns regarding the  program with the class instructor. If the student is unable to resolve the issue with the Instructor’s assistance they may contact the school owner, Michael Patterson at 410-501-3960. If the student is still unsatisfied, they may appeal the school’s  decision in writing to the Secretary of Higher Education at the Maryland Higher  Education Commission. 

Maryland Consumer Protection Division ; consumer@oag.state.md.us

200 St Street Paul Place Baltimore, Maryland 21202 | 410-576-6550

Maryland Higher Education Commission: http://www.mhec.state.md.us/ 

6 N. Liberty St., Baltimore, MD 21201 | Phone: (410) 767-3301 | Toll Free: (800) 974-0203  

Maryland Real Estate Commission : http://www.dllr.state.md.us 

500 North Calvert Street, 3rd Floor Baltimore, MD 21202-3651 | Phone: (410) 230-6230 Fax (410) 333-0023  

Maryland Association Of Realtors : http://www.mdrealtor.org 2

200 Harry Truman Parkway, Suite 200, Annapolis, Maryland 21401 | Toll Free (800) 638-6425  

Please be aware that you may be contacted by the Broker at RE/MAX Ikon  about career opportunities in real estate using the information provided on your application or from your phone call. Program enrollment does not guarantee job placement.

Program Performance 

Any student or prospective student may obtain from the Maryland Higher  Education Commission information regarding the performance of this program.  Information may include, but not be limited to enrollment, completion rate,  placement rate and pass rate of students on any licensure requirements.  

Information can be found at www.mhec.state.md.us