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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

What is the primary purpose of a property tax levy?

A. It's used to build high-end housing.
B. It's used to determine property tax increases.
C. It's used to fund essential services and public works.
D. It's used to build new shopping malls.

Question 2

What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

A. The agent must disclose the bonus to any buyers they are working with on the transaction.
B. The agent should keep the bonus confidential and not inform the broker.
C. The agent can accept the bonus without any disclosure requirements.
D. The agent should pay the bonus to the broker.

Question 3

What is a claim or lien on a property title that can be monetary or physical?

A. Encumbrance
B. Appurtenance
C. Eviction
D. Agreement

Question 4

Shelly buys Mark's house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?

A. Nothing will happen, as long as Shelly has a fully executed sales contract with Mark.
B. Mark will have to refund Monique's option fee.
C. Shelly and Mark must form a new option agreement.
D. Shelly will have to sell the house to Monique.

Question 5

Members of the Maryland Real Estate Commission serve _______ -year terms.

A. Four
B. Six
C. Five
D. Two

Solutions: