Frequently Asked Questions

Legal Hotline FAQ

A blog of the most frequently asked questions to the Maryland REALTORS Legal Hotline.

Cindy Sellers
Cindy Sellers
Cindy Sellers's Blog

Is a licensed real estate agent, who represents a buyer under a buyer agency agreement

No. To be considered a foreclosure consultant under PHiFA, the REALTOR® must engage in specific activity, beyond the scope of your real estate license, including “systematically contacting owners of residences in default to offer foreclosure consulting services.” §7-301(C)(2). “Foreclosure consulting services” include “arranging or facilitating the sale of a homeowner’s residence or the transfer of legal title, in any form, to another party as an alternative to foreclosure.” §7-301(E)(7). 

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