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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. 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

2. 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

3. 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

4. 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

5. 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.

Solutions: