Real Estate Maryland-Real-Estate-Salesperson real exam prep : Maryland Real Estate Salesperson Examination

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. When preparing the sales contract, when is it acceptable for a licensee who is not an attorney to offer legal advice to the client?

A) When determining the amount of the purchase offer
B) When covering the options for terms and contingencies
C) Never
D) When discussing the amount of earnest money to place as a down payment

2. How does discrimination still occur, even though it's illegal?

A) Discrimination makes good business sense.
B) Discrimination is often not visible to the public.
C) Discrimination is human nature.
D) Not all laws make sense.

3. When must informed consent for dual agency be obtained?

A) At the time when the licensee and customer have entered into an agent/client relationship
B) As the situation arises
C) In the first face-to-face meeting with a potential client
D) Prior to entering into a contract for a specific transaction.

4. Which of the following is a material fact that must be disclosed to prospective buyers?

A) A lead-based paint disclosure must be included since the home was built in 1957.
B) A house has had more than ten owners.
C) A previous homeowner had Ebola.
D) A previous owner had HIV.

5. Kip is a sub-agent working with a buyer customer, Charlie, for Sheila's listing of May's property. To whom does Kip owe his loyalty?

A) May
B) Sheila and May
C) Sheila and Charlie
D) Charlie

Solutions: