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

SectionObjectives
National Real Estate Principles- Valuation and Market Analysis
- Property Ownership and Land Use Controls
- Financing
- Contracts
- Real Estate Calculations
- Transfer of Title and Closing Procedures
- Real Estate Practice and Fair Housing
- Agency Relationships and Duties
Maryland State Law and Regulations- Advertising and Brokerage Practices
- Trust Accounts and Handling Client Funds
- Disciplinary Actions and Enforcement
- Property Disclosure Requirements (e.g., defects, lead-based paint)
- Agency Disclosure and Representation in Maryland
- Maryland Real Estate Commission (MREC) Rules and Authority
- Licensing Requirements and Procedures

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question #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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #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
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Correct Answer: C  🗳️

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Question #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.
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Correct Answer: B  🗳️

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Question #4

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

  • A. Deed
  • B. Mortgage
  • C. Lien
  • D. Title
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Correct Answer: A  🗳️

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Question #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.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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