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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Maryland State Law and Regulations | - Disciplinary Actions and Enforcement - Agency Disclosure and Representation in Maryland - Trust Accounts and Handling Client Funds - Licensing Requirements and Procedures - Maryland Real Estate Commission (MREC) Rules and Authority - Property Disclosure Requirements (e.g., defects, lead-based paint) - Advertising and Brokerage Practices |
| National Real Estate Principles | - Transfer of Title and Closing Procedures - Agency Relationships and Duties - Real Estate Practice and Fair Housing - Financing - Contracts - Real Estate Calculations - Property Ownership and Land Use Controls - Valuation and Market Analysis |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
In accordance with the Maryland Property Condition Disclosure Law, when is the seller required to provide the Maryland Residential Property Disclosure and Disclaimer Statement to the buyer?
- A. Only if the buyer asks for it.
- B. No more than 24 hours after both parties have signed the agreement.
- C. On or before entering into a contract of sale with the buyer.
- D. Only before entering into a contract of sale with the buyer.
Correct Answer: C 🗳️
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Why does HUD test for housing discrimination?
- A. To create revenue through fines
- B. To uncover hidden discrimination
- C. To educate the public
- D. To punish blatant discrimination
Correct Answer: B 🗳️
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A valid deed must contain all of the essential elements, plus which of the following?
- A. It must be in writing.
- B. It must be approved by the local judge.
- C. It must be sent to all parties via registered mail.
- D. It must be in nuncupative form.
Correct Answer: A 🗳️
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In which type of lease does the tenant pay some or all expenses separately?
- A. Gross lease
- B. Sublease
- C. Percentage lease
- D. Net lease
Correct Answer: D 🗳️
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Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that's otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?
- A. Moratorium
- B. Use variance
- C. Property variance
- D. Special use permit
Correct Answer: B 🗳️
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