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Maryland-Real-Estate-Salesperson Practice Questions

Maryland Real Estate Salesperson Examination

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Total Questions : 209

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Question # 41

Homeowners can take several actions related to pest infestations, but which of the following actions should be left to licensed pest management professionals?

Options:

A.  

Applying pesticides

B.  

Installing a vapor barrier

C.  

Looking for signs of an infestation

D.  

Removing moisture from the home

Discussion 0
Question # 42

Why would licensees use the MAAP method?

Options:

A.  

To calculate their gross commission for a transaction

B.  

To determine which property facts they need to disclose

C.  

To establish whether or not a fair housing violation has occurred

D.  

To report another licensee for an ethics violation

Discussion 0
Question # 43

Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

Options:

A.  

Blanket

B.  

Growing equity

C.  

Negative amortization

D.  

Pledged account

Discussion 0
Question # 44

Before you sign an exclusive right to sell agreement with a seller, what must you do?

Options:

A.  

Explain the option of the exclusive agency agreement.

B.  

List the property.

C.  

Market the property.

D.  

Provide a pro forma.

Discussion 0
Question # 45

What do you call the person or entity that oversees trust or escrow money?

Options:

A.  

Escrow agent

B.  

Escrow master

C.  

Mortgage agent

D.  

Special agent

Discussion 0
Question # 46

Options:

A.  

$10,000 per violation

B.  

$1,000 per violation

C.  

$25,000 per violation

D.  

$2,500 per violation

Discussion 0
Question # 47

Google and “If This, Then That” alerts can assist you with which of the following?

Options:

A.  

Guaranteeing that the property owner receives all rental income

B.  

Monitoring your online listings for rental scams

C.  

Posting your online listings for rent

D.  

Removing your listings from a rental website

Discussion 0
Question # 48

Which of the following is used to protect the buyer from title defects after closing?

Options:

A.  

Abstract of title

B.  

Buyer title insurance policy

C.  

Chain of title

D.  

Attorney’s opinion of title

Discussion 0
Question # 49

In relation to Maryland’s PHIFA, if a foreclosure consultant is found to have intentionally violated the law, what's the maximum penalty the consultant may have to pay to a consumer who brings a private action?

Options:

A.  

Actual damages

B.  

Actual damages, plus attorney's fees

C.  

Three times the actual damages, plus attorney's fees

D.  

Twice the actual damages

Discussion 0
Question # 50

Shelly buys Mark’s house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?

Options:

A.  

Mark will have to refund Monique’s option fee.

B.  

Nothing will happen, as long as Shelly has a fully executed sales contract with Mark.

C.  

Shelly and Mark must form a new option agreement.

D.  

Shelly will have to sell the house to Monique.

Discussion 0
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