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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In a real estate transaction, what's a real estate licensee's responsibility regarding household lead hazards for homes built before 1978?

A) To disclose to buyers that there's lead-based paint in a home
B) To remind the sellers to disclose the possible presence of lead-based paint to a buyer
C) To instruct the seller to remediate the lead-based paint
D) To make sure all lead is removed by a licensed professional

2. Once signed, the listing agreement is a legally binding contract between

A) The buyer's agent and seller
B) The seller and lender
C) The listing broker and seller
D) The buyer and seller

3. 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) On or before entering into a contract of sale with the buyer.
C) Only if the buyer asks for it.
D) Only before entering into a contract of sale with the buyer.

4. Which of the following is an instrument that's used to convey property ownership?

A) Deed
B) Mortgage
C) Lien
D) Title

5. What is the primary purpose of a property tax levy?

A) It's used to determine property tax increases.
B) It's used to build new shopping malls.
C) It's used to fund essential services and public works.
D) It's used to build high-end housing.

Solutions: