DL/ Understanding MD Taxes for First Time Home Buyers 181-1805

Category:

Maryland Salespersons and Associate Brokers, Maryland Principal Broker, MD Salespersons and Associate Brokers, MD Principal Brokers

Maryland Transfer Taxes: Recordation, Local & State Taxes for First-Time Home Buyers | Self-Paced Online CE

Master Transfer Tax Benefits. Serve First-Time Buyers. Stand Out as the Expert.

1.5-Hour Maryland Continuing Education Elective Course | Category F – Professional Enhancements for Practicing Licensees | Self-Paced Online |

Transfer taxes can make or break a deal for first-time home buyers—and understanding how these taxes work gives you a powerful competitive edge. This Maryland continuing education elective course explains the theory, intent, and application of Maryland's recordation taxes, local transfer taxes, and state transfer taxes, with a specific focus on the benefits and exemptions available to first-time home buyers.

In Maryland, first-time home buyers receive significant tax incentives to encourage investment in a principal residence. But here's what every agent must understand: the benefit to one party is often a burden to the other—and everything is negotiable. This course gives you the knowledge to accurately document agreements, properly complete contract forms, and ensure all parties understand the tax implications of every transaction.

In just 1.5 hours, you'll gain critical insights into:

Maryland recordation tax: what it is, how it's calculated, and who pays
Local transfer taxes and how they vary by jurisdiction
State transfer tax requirements and exemptions
First-time home buyer benefits and eligibility requirements
How to accurately document tax agreements in contracts
Ensuring third parties understand negotiated terms without assumptions
Properly completing contract documents so each stands on its own
Avoiding costly errors and misunderstandings at closing

Key Topics Include:

Theory and intent behind Maryland's transfer tax structure
Recordation tax calculations and application
Local transfer tax rates by Maryland jurisdiction
State transfer tax requirements and current rates
First-time home buyer exemptions and incentives explained
Eligibility requirements for first-time buyer tax benefits
How transfer tax responsibilities are negotiated between parties
Properly documenting tax agreements in purchase contracts
Ensuring clarity for settlement agents, lenders, and other third parties
Common mistakes agents make with transfer taxes and how to avoid them
Real-world scenarios and practical applications

Become the Transfer Tax Expert → Click 'Get Course' to Get Started!

Course Format: Self-Paced, Online & Convenient

100% online – study from anywhere with an internet connection
Complete on your schedule – no set class times, no Zoom sessions
Audio feature included – take the course on the go and learn at your own pace
Knowledge checks throughout each module to reinforce key concepts
Final exam required to earn your CE credit
Instant access – start immediately after enrollment
Full credit upon completion – meets Maryland continuing education requirements for real estate license renewal

Course Requirements & Policies

To receive credit for this course, you must:

✓ Complete all course modules and knowledge checks
✓ Pass the final exam with a score of 70% or higher
✓ Complete the course within 1 year of enrollment

Refund Policy:

No refunds once course access has been initiated
Technical issues? Contact us at [email protected] for assistance

Who Should Take This Course?

Maryland real estate licensees seeking elective CE credit and professional development
Agents who work with first-time home buyers and want to explain tax benefits confidently
Real estate professionals who want to understand transfer tax negotiations and documentation
Licensees looking to stand out as experts in Maryland real estate transactions
Licensees who were licensed before October 1, 2023 and this is not their first renewal
Anyone seeking to master transfer taxes and provide exceptional client service

This self-paced online real estate education course satisfies Maryland elective CE requirements for Category F – Professional Enhancements for Practicing Licensees. Tristar Academy is approved by the Maryland Real Estate Commission for continuing education.