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

SectionWeightObjectives
National Portion73%- Transfer of Property
  • 1. Title insurance and recording
  • 2. Closing process and documents
  • 3. Deeds and title transfer
- General Principles of Agency
  • 1. Termination of agency
  • 2. Fiduciary duties and obligations
  • 3. Agency relationships and creation
  • 4. Agency disclosure requirements
- Contracts
  • 1. Purchase and sale agreements
  • 2. Contract contingencies and remedies
  • 3. Listing and buyer representation contracts
  • 4. Elements of valid contracts
- Real Estate Calculations
  • 1. Prorations and closing costs
  • 2. Commission and fee calculations
  • 3. Area and volume measurements
- Financing
  • 1. Mortgage types and lending regulations
  • 2. Government loan programs (FHA, VA, USDA)
  • 3. Closing and settlement procedures
  • 4. Loan qualification and underwriting
- Valuation and Market Analysis
  • 1. Factors affecting property value
  • 2. Comparative market analysis
  • 3. Appraisal principles and methods
- Land Use Controls and Regulations
  • 1. Private controls: deed restrictions, HOA rules
  • 2. Public controls: zoning, building codes, environmental laws
- Property Ownership
  • 1. Encumbrances and easements
  • 2. Forms of ownership
  • 3. Real and personal property
  • 4. Land characteristics and legal descriptions
- Practice of Real Estate
  • 1. Escrow and trust account management
  • 2. Advertising and business practices
  • 3. Fair housing laws and anti-discrimination
- Property Disclosures
  • 1. Lead-based paint and other federal requirements
  • 2. Property condition disclosures
  • 3. Environmental disclosures
Maryland State Portion27%- Ethics
  • 1. Conflicts of interest
  • 2. Confidentiality and disclosure
  • 3. Professional standards and conduct
- Licensing Requirements
  • 1. Eligibility and education requirements
  • 2. License types and scope of authority
  • 3. Application and renewal procedures
- Brokerage Relationships
  • 1. Disclosure forms and requirements
  • 2. Duties to clients and customers
  • 3. Maryland agency definitions and rules
- Business Conduct
  • 1. Advertising regulations
  • 2. Unlawful practices and prohibited acts
  • 3. Trust fund handling
- Supervision
  • 1. Broker responsibility for licensees
  • 2. Compliance oversight
  • 3. Office management and record keeping
- Duties and Powers of the Real Estate Commission
  • 1. Rulemaking and enforcement
  • 2. Commission structure and authority
  • 3. Disciplinary actions and penalties

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
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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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
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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