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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 # 61

A negotiable instrument must contain an order to pay or a ______.

Options:

Flexible sum of money

Hand written signature

Notary stamp

Promise to pay

Discussion 0

Question # 62

Why are legal descriptions required in real estate contracts?

Options:

To calculate the exact property taxes owed by the new owner

To ensure the piece of property can be clearly identified from all other properties

To establish the legal boundaries for future construction on the property

To guarantee the buyer is receiving the exact property they believe they are purchasing

Discussion 0

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