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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| National Real Estate Principles | - Real Estate Practice and Fair Housing - Agency Relationships and Duties - Transfer of Title and Closing Procedures - Contracts - Real Estate Calculations - Valuation and Market Analysis - Financing - Property Ownership and Land Use Controls |
| Maryland State Law and Regulations | - Agency Disclosure and Representation in Maryland - Property Disclosure Requirements (e.g., defects, lead-based paint) - Maryland Real Estate Commission (MREC) Rules and Authority - Trust Accounts and Handling Client Funds - Disciplinary Actions and Enforcement - Licensing Requirements and Procedures - Advertising and Brokerage Practices |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. 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 previous owner had HIV.
C) A house has had more than ten owners.
D) A previous homeowner had Ebola.
2. ________ can be defined as everything that's not real property.
A) Private property
B) Land property
C) Real estate
D) Personal property
3. Where can you find out what's not covered by a title insurance policy?
A) The internet
B) The lender's attorney
C) The county clerk's office
D) The title insurance policy's schedule of exceptions
4. The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger
______ neighborhoods.
A) Gated
B) Transit-oriented
C) Segregated
D) Diverse
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) Charlie
B) Sheila and May
C) Sheila and Charlie
D) May
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |

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