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  • Exam Code: Maryland-Real-Estate-Salesperson
  • Exam Name: Maryland Real Estate Salesperson Examination
  • Q & A: 214 Questions and Answers
  • PDF Price: $59.99

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  • Exam Code: Maryland-Real-Estate-Salesperson
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  • Exam Code: Maryland-Real-Estate-Salesperson
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  • Q & A: 214 Questions and Answers
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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: National Portion80%- Financing
  • 1. Financial Instruments
  • 2. Government Programs
  • 3. Types of Loans
- Contracts
  • 1. Contract Law
  • 2. Types of Contracts
- Real Estate Calculations
  • 1. Mathematical Concepts
- General Principles of Agency
  • 1. Agency Relationships
  • 2. Duties and Responsibilities
- Practice of Real Estate
  • 1. Fair Housing
  • 2. Licensing Laws
- Valuation and Market Analysis
  • 1. Appraisal Methods
  • 2. Market Analysis
- Leasing and Property Management
  • 1. Management Agreements
  • 2. Lease Types
- Land Use Controls and Regulations
  • 1. Government Rights in Land
  • 2. Private Controls
- Property Ownership
  • 1. Classes of Property
  • 2. Personal Property
  • 3. Real Property
- Transfer of Title
  • 1. Title Insurance
  • 2. Deeds
  • 3. Closing Processes
- Property Disclosures
  • 1. Environmental Issues
  • 2. Material Defects
Topic 2: Maryland State Portion30%- Licensure Requirements
  • 1. Eligibility Criteria
  • 2. Continuing Education
- Maryland-Specific Laws and Regulations
  • 1. Agency Laws
  • 2. State Real Estate Code
- Duties and Powers of the Real Estate Commission
  • 1. Licensing Procedures
  • 2. Commission Authority

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.

A) honesty
B) disclosure
C) undivided loyalty
D) reasonable skill and care


2. How does discrimination still occur, even though it's illegal?

A) Discrimination is human nature.
B) Discrimination makes good business sense.
C) Not all laws make sense.
D) Discrimination is often not visible to the public.


3. In order for a consumer to make a claim against the Guaranty Fund, what must they have experienced?

A) Pain and suffering
B) Actual monetary damages
C) Embarrassment
D) Inconvenience


4. Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?

A) After the seller accepts the buyer's offer
B) When the buyer asks you to represent them as well
C) After the buyer deposits the earnest money in escrow
D) At your first scheduled face-to-face meeting with the buyer about the seller's property


5. What might you find in the legal description of a deed?

A) County clerk's name
B) Name of developer
C) Title abstract
D) Metes and bounds property description


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: D

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