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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

What does PITI stand for?

A. Principal, interest, taxes, and insurance
B. Principal, insurance, title, and interest
C. Property, insurance, taxes, and interest
D. Property, interest, title, and insurance

Question 2

Which of the following actions transforms real property into personal property?

A. Sale of the property
B. Annexation
C. Severance
D. Emblements

Question 3

Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

A. Escrow closing notice
B. Closing Disclosure
C. The Mortgage Servicing Transfer Disclosure
D. Loan Estimate

Question 4

Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that's otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?

A. Special use permit
B. Property variance
C. Use variance
D. Moratorium

Question 5

The cost approach to finding an appraised value measures which of the following?

A. The cost to acquire land only
B. The cost to construct a reproduction only
C. The cost to acquire land and construct a reproduction
D. The expenses the property is expected to produce for the owner

Solutions: