When must unpaid commissions be claimed according to Maryland law?

The correct answer relates specifically to the time frame prescribed by Maryland law for claiming unpaid commissions. According to Maryland regulations, real estate agents must claim any unpaid commissions within one year from the date they were earned. This one-year period establishes a clear limit that balances the interests of both the agents seeking their compensation and the clients or brokers involved in the transaction.

In the context of real estate practice, this timeframe is critical because it encourages timely resolution of financial disputes and provides a definitive window that agents must operate within to ensure their rights to receive compensation for their services. Waiting longer than one year could potentially lead to complications and conflicts, as evidence may become less reliable and parties' memories may fade.

Understanding this time limit is essential for real estate professionals in Maryland, as it helps them manage their expectations and address outstanding commission claims proactively. This rule ensures that all parties have a clear understanding of their obligations and rights within a reasonable period, promoting professionalism and accountability in real estate transactions.