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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

According to the Maryland Code of Ethics, which statement most accurately describes a licensee's responsibility related to written offers on their listings?

A. A licensee is only required to present formal written offers that are equal to or more than the listing price.
B. All formal written offers received by the licensee must be presented to the owner until the seller accepts an offer.
C. All formal written offers received by the licensee must be presented to the owner, even after the seller accepts an offer.
D. A licensee is only required to present formal written offers within a certain range of the listing price of the property.

Question 2

What instruments are commonly used to secure the purchase of real property?

A. Mortgage and promissory note
B. Mortgage and lease
C. Deed of trust and promissory note
D. Mortgage and deed of trust

Question 3

What is the typical fine for a violation under certain real estate regulations?

A. $10,000 per violation
B. $1,000 per violation
C. $2,500 per violation
D. $25,000 per violation

Question 4

A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?

A. Intentional misrepresentation
B. Positive misrepresentation
C. A lie
D. Puffery

Question 5

Maryland real estate licensees should be aware that, in addition to the federally protected classes, the state's fair housing laws also prohibit discrimination based on the protected classes of _______.

A. Students, retired persons, and the unemployed
B. Gun owners and military status
C. Marital status, sexual orientation, gender identity, and source of income
D. Smokers, students, and the elderly

Solutions: