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"Maryland Real Estate Salesperson Examination", also known as Maryland-Real-Estate-Salesperson exam, is a Real Estate Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 214 Q&As to your Maryland-Real-Estate-Salesperson Exam preparation. In the Maryland-Real-Estate-Salesperson exam resources, you will cover every field and category in Maryland Real Estate Certification helping to ready you for your successful Real Estate Certification.
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| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles | - Contracts - Property Ownership and Land Use Controls - Financing - Transfer of Title and Closing Procedures - Agency Relationships and Duties - Valuation and Market Analysis - Real Estate Practice and Fair Housing - Real Estate Calculations |
| Topic 2: Maryland State Law and Regulations | - Licensing Requirements and Procedures - Trust Accounts and Handling Client Funds - Property Disclosure Requirements (e.g., defects, lead-based paint) - Maryland Real Estate Commission (MREC) Rules and Authority - Agency Disclosure and Representation in Maryland - Advertising and Brokerage Practices - Disciplinary Actions and Enforcement |
Question 1
Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of ______ agency.
A. Express
B. Implied
C. Unspoken
D. Executory
Question 2
What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?
A. Personal property
B. Estate
C. Real property
D. Land
Question 3
Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?
A. Market process
B. Comparative market analysis
C. Appraisal
D. Proforma
Question 4
How can a real estate licensee legally discuss contract clauses with a client without practicing law?
A. By advising the client on landlord/tenant responsibilities
B. By describing the legal implications of contract clauses in detail
C. By drafting new contract language to suit the client's needs
D. By explaining the general purpose of the contract clause without interpreting its legal impact
Question 5
Cameron had a listing agreement with a client named Ben. Ben got mad at Cameron and said he was terminating the agreement. Can Ben do this?
A. Yes, it's a client's prerogative.
B. Only if the property is valued at more than $250,000.
C. Yes, with 30 days' notice.
D. Yes, but certain terms of the agreement may still be binding upon Ben.
Solutions:
| Question 1 Answer: B | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
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