Real Estate Maryland-Real-Estate-Salesperson Exam : Maryland Real Estate Salesperson Examination

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Gia is acting as a seller agent. Which of these is a duty she must perform?

A) Represent the buyer while making sure that none of the seller's advantages are lost.
B) Keep the buyer informed.
C) Negotiate for the buyer.
D) Market and sell the property.

2. 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) No more than 24 hours after both parties have signed the agreement.
B) Only if the buyer asks for it.
C) Only before entering into a contract of sale with the buyer.
D) On or before entering into a contract of sale with the buyer.

3. Jillian has a loan-to-value ratio of 90/100. This means-

A) Her loan is 10% of the value of the real estate used as collateral and she is obtaining a second mortgage for 90%.
B) The property is only worth 90% of the amount loaned.
C) She is putting 10% down, with 90% being pulled from her IRA.
D) Her loan is 90% of the value of the real estate used as collateral and she is putting 10% down.

4. What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?

A) Personal property
B) Estate
C) Land
D) Real property

5. Which type of deed offers the strongest and broadest form of guarantee and protection of title to the grantee?

A) Full covenant and warranty deed
B) Bargain and sale deed
C) Quitclaim deed
D) Executor's deed

Solutions: