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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion | 73% | - Transfer of Property
|
| Maryland State Portion | 27% | - Ethics
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?
- A. The lender
- B. The seller
- C. The title insurance company
- D. The buyer
Correct Answer: D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
If you take gross income and deduct operating expenses, what do you get?
- A. Net operating income
- B. Effective gross income
- C. Potential gross income
- D. Profit
Correct Answer: A 🗳️
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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.
Correct Answer: D 🗳️
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Where can you find out what's not covered by a title insurance policy?
- A. The title insurance policy's schedule of exceptions
- B. The lender's attorney
- C. The county clerk's office
- D. The internet
Correct Answer: A 🗳️
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What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate?
- A. Estate at sufferance
- B. Act of waste
- C. Escheat
- D. Reversionary interest
Correct Answer: B 🗳️
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