**By registering for this class, you agree: 1) To be on time 2) To be recorded 3) To be on camera, clearly visible on screen and in a stationary setting that is conducive to learning. This means no driving, no walking around, no phone calls or other distractions. No Background are allowed, blurring is permitted 4) That GCAAR reserves the right to decline to issue credit if you are not in an environment conducive to learning 5) That you have ensured that your computer, camera and mic are working prior to class. Tech support is not available throughout class.

CREDITS: 1.5 ELECTIVE hours for MD and DC licensees.

Learn the details of Maryland law regarding the proper contract treatment of Maryland's Transfer Tax, County Recordation Tax, and County Transfer tax when working with first-time buyers in Maryland. Discussion includes the treatment of these taxes in both the GCAAR Sales Contract and the MR Residential Contract of Sales. Emphasis is placed on understanding the Montgomery County Recordation Tax and the owner-occupied exemption. Whether working with buyers or sellers, this class is a must for the licensee to maintain compliance with the law and avoid contractual issues.

***For each virtual class, the connection instructions email with the Zoom link, compliance details, and course materials is sent by 5 pm ET the business day before the class (i.e. Friday for a Monday class, Tuesday for a Wednesday class), as well as again in a reminder two hours prior to class.