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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles | - Property Ownership and Land Use Controls - Contracts - Financing - Agency Relationships and Duties - Real Estate Calculations - Real Estate Practice and Fair Housing - Valuation and Market Analysis - Transfer of Title and Closing Procedures |
| Topic 2: Maryland State Law and Regulations | - Agency Disclosure and Representation in Maryland - Trust Accounts and Handling Client Funds - Property Disclosure Requirements (e.g., defects, lead-based paint) - Advertising and Brokerage Practices - Maryland Real Estate Commission (MREC) Rules and Authority - Licensing Requirements and Procedures - Disciplinary Actions and Enforcement |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Why would a buyer want to know whether any additions or alterations were made to a property?
- A. So the buyer can use the same contractor for additional additions and alterations
- B. So the buyer can decide whether a price reduction is in order
- C. So the buyer can determine if permits were pulled
- D. So the buyer can remove these items prior to closing
Correct Answer: C 🗳️
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What items go into the seller's credit column and the buyer's debit column when calculating prorations?
- A. The buyer's loan amount
- B. Home inspection fees
- C. Prepaid property taxes
- D. Unpaid property taxes
Correct Answer: C 🗳️
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A property is conveyed to an individual until that individual's death, when the property will be conveyed to another party. What type of estate is this?
- A. Life estate
- B. Homestead estate
- C. Fee simple estate
- D. Leasehold estate
Correct Answer: A 🗳️
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Fritz is buying Guy's property, which is listed with broker Sara. Who are the parties to the listing agreement?
- A. Fritz and Sara
- B. Fritz, Guy, and Sara
- C. Guy and Sara
- D. Fritz and Guy
Correct Answer: C 🗳️
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Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has arranged for the property to be given to the School for the Gifted. What interest does the School for the Gifted currently have?
- A. Ownership
- B. Possession
- C. Remainder
- D. Reversionary
Correct Answer: C 🗳️
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