Maryland (MD) Private Label Process

Real’s Private Label program allows eligible independent brokerages to keep the brands that they spent years building – while still benefiting from partnering with Real.

Getting Started:

• If your brokerage has a physical office location, kick-off the approval process by completing the Physical Office Application - Found HERE 

Step 1:  Gather and sign required documentation & information for DOL filing 

• Maryland requirements are unique and require Real to provide specific information and submit a number of documents. Many of these documents will need to be provided by or signed by the incoming team. 
• Details on each of the documents that you will be responsible for providing or signing are below:

1. 1. 1. Certificate of Good Standing for the inbound Brokerage → These documents are from the State of Maryland's Department of of Assessments and Taxation
      2. Articles of Formation for the inbound Brokerage's Entity → These documents are the original  documents shows the LLC was formed 
      3. Step Down Letter → This document is prepared by Real and the existing Designated Broker will only need to review, hand sign, and return. 
      4. Associate Broker Downgrade Application → This application is prepared by Real's Private Label team and Broker. The existing designated broker of the inbound team will need to complete any blank sections, hand sign, and return. 

• Additionally, Real will need the following Information to complete and file the Additional Broker Application:
  • • A list of who owns the brokerage and what percentage each person owns 

Step 2:  Real gathers their required documentation & information for DOL filing 

• Real is also required to gather a number of required documents. Details on each of the documents that Real will be responsible for are below:
  1. 1. Additional Broker License Application → Real uses the information provided by the inbound team to complete this document  
     2. MD Broker's Credit Report → Real's MD Broker provides a credit report 
     3. Private Label Agreement → Real gathers the signed copy of the Private Label Agreement 

Step 3:  Real submits all documentation to the DOL for approval

• Real gathers all the documents completed in Steps 1 & 2 and submits the documentation via email to the MD DOL. 
• Expected processing time is 20 business days