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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Maryland State Law and Regulations | - Maryland Real Estate Commission (MREC) Rules and Authority - Licensing Requirements and Procedures - Advertising and Brokerage Practices - Disciplinary Actions and Enforcement - Agency Disclosure and Representation in Maryland - Trust Accounts and Handling Client Funds - Property Disclosure Requirements (e.g., defects, lead-based paint) |
| Topic 2: National Real Estate Principles | - Agency Relationships and Duties - Real Estate Calculations - Financing - Transfer of Title and Closing Procedures - Valuation and Market Analysis - Contracts - Real Estate Practice and Fair Housing - Property Ownership and Land Use Controls |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
What's a certified opinion or estimate of value of a particular property as of a particular date?
- A. Appraisal
- B. Assessment
- C. Evaluation
- D. Inspection
Correct Answer: A 🗳️
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Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?
- A. High-risk loan products
- B. Appropriate financing
- C. Rental options
- D. Rental options and high-risk loan products
Correct Answer: B 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
Which type of events are generally on a title insurance policy's schedule of exceptions?
- A. Claims that were filed in the public record before a title insurance policy's effective date
- B. Claims from an owner with an unrecorded deed
- C. Mechanic's liens filed prior to a title insurance policy's effective date
- D. Liens or encumbrances that aren't in the public record
Correct Answer: A 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
Which of the following is the best definition of a covenant between a lessor and lessee?
- A. A provision for which neither party to a contract is willing to compromise
- B. An addendum to a contract added after it's signed
- C. A rent escalation
- D. An agreement or promise made between the parties
Correct Answer: D 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
How does the building department ensure that a builder who has obtained a permit builds according to code?
- A. The builder submits a monthly progress report.
- B. The building department sends inspectors to inspect the work.
- C. The builder is required to submit to weekly inspections performed by peers in the industry.
- D. The builder signs an affidavit to that effect.
Correct Answer: B 🗳️
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