While the vast majority of real estate licensees in Maryland are honest, issues may come up during a given transaction. Buyers or sellers who feel as if they have suffered a loss may file a claim against a licensee. Any complaint that is filed must be done under oath and in writing, and it must state how much was lost due to the licensee's actions.
When filing a complaint, it may be possible to include documentation and any other facts to support the claim being made. If a complaint is made against the Guaranty Fund, the claim must be related to real estate within the state of Maryland. The maximum payout for such a claim is $25,000 of losses paid out-of-pocket. No punitive damages will be awarded, and commissions either paid or received cannot be part of such a complaint.