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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles | - Property Ownership and Land Use Controls - Financing - Transfer of Title and Closing Procedures - Valuation and Market Analysis - Agency Relationships and Duties - Contracts - Real Estate Calculations - Real Estate Practice and Fair Housing |
| Topic 2: Maryland State Law and Regulations | - Licensing Requirements and Procedures - Advertising and Brokerage Practices - Disciplinary Actions and Enforcement - Trust Accounts and Handling Client Funds - Property Disclosure Requirements (e.g., defects, lead-based paint) - Agency Disclosure and Representation in Maryland - Maryland Real Estate Commission (MREC) Rules and Authority |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Property ownership for an indeterminable length of time is an example of what form of estate?
- A. Freehold
- B. Leasehold
- C. Periodic
- D. Homestead
Correct Answer: A 🗳️
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Species habitat, beauty, erosion control, and pollution treatment are all reasons why wetlands are __________.
- A. Not regulated
- B. Developed
- C. Protected
- D. Not valuable resources
Correct Answer: C 🗳️
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Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?
- A. $600,000
- B. $120,000
- C. $480,000
- D. $420,000
Correct Answer: C 🗳️
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If you take gross income and deduct operating expenses, what do you get?
- A. Profit
- B. Net operating income
- C. Effective gross income
- D. Potential gross income
Correct Answer: B 🗳️
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Which of the following is an action that real estate licensees may take without practicing law illegally?
- A. Use existing forms that an attorney has reviewed.
- B. Create their own real estate forms.
- C. Interpret legal consequences of specific actions.
- D. Write addenda that cover unfamiliar or unusual circumstances.
Correct Answer: A 🗳️
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