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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Where should a licensee typically verify the latest regulations and updates regarding real estate practices?

A) With the supervising brokerage
B) On the Real Estate Commission's website
C) With a co-worker of the licensee
D) With the licensee themselves

2. Which statement best represents how dual agency is impacted by teams in Maryland?

A) Dual agency isn't allowed within real estate teams.
B) The dual agent may be part of the same team as the ICAs.
C) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.
D) The broker may serve as an ICA along with a team member.

3. Which of the following is the best definition of a covenant between a lessor and lessee?

A) An agreement or promise made between the parties
B) A rent escalation
C) An addendum to a contract added after it's signed
D) A provision for which neither party to a contract is willing to compromise

4. 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) Escheat
B) Act of waste
C) Reversionary interest
D) Estate at sufferance

5. Why would licensees use the MAAP method?

A) To calculate their gross commission for a transaction
B) To report another licensee for an ethics violation
C) To determine which property facts they need to disclose
D) To establish whether or not a fair housing violation has occurred

Solutions: