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Maryland-Real-Estate-Salesperson Practice Questions

Maryland Real Estate Salesperson Examination

Last Update 1 day ago
Total Questions : 209

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Question # 11

Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

Options:

A.  

Appraisal

B.  

Comparative market analysis

C.  

Market process

D.  

Proforma

Discussion 0
Question # 12

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?

Options:

A.  

Act of waste

B.  

Escheat

C.  

Estate at sufferance

D.  

Reversionary interest

Discussion 0
Question # 13

James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

Options:

A.  

Assignable

B.  

Land

C.  

Tertiary

D.  

Testamentary

Discussion 0
Question # 14

Why was the Civil Rights Act of 1866 monumental among fair housing and antidiscrimination laws?

Options:

A.  

It abolished slavery.

B.  

It added sexual orientation as a protected class.

C.  

It provided no exceptions for discrimination based on race or color.

D.  

It was adopted by the United Nations.

Discussion 0
Question # 15

Options:

A.  

The buyer

B.  

The buyer and the licensee

C.  

The buyer and the seller

D.  

The seller

Discussion 0
Question # 16

To effect a transfer of title by deed, ______ must occur.

Options:

A.  

Deed review

B.  

Delivery and acceptance

C.  

Exchange of money

D.  

Judicial validation

Discussion 0
Question # 17

When must informed consent for dual agency be obtained?

Options:

A.  

As the situation arises

B.  

At the time when the licensee and customer have entered into an agent/client relationship

C.  

In the first face-to-face meeting with a potential client

D.  

Prior to entering into a contract for a specific transaction.

Discussion 0
Question # 18

Options:

A.  

They must use a business name, which may not be their own name.

B.  

They must use their own name in combination with a nickname.

C.  

They must use their own name only.

D.  

They must use their own name or their own name in combination with a registered business name.

Discussion 0
Question # 19

Homes built before 1978 may have what environmental hazard in their paint?

Options:

A.  

Arsenic

B.  

Asbestos

C.  

Lead

D.  

Radiation

Discussion 0
Question # 20

Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?

Options:

A.  

No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.

B.  

No. Renae hasn’t violated agency law by showing the same property to two separate buyer clients.

C.  

Yes. Agency law prohibits Renae from showing the same property to two buyer clients.

D.  

Yes. Renae should’ve asked Shannon if she wanted to make an offer before showing the property to another client.

Discussion 0
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