Real Estate Maryland-Real-Estate-Salesperson : 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. Kerry is a real estate licensee who has committed an ethical violation. Which of the following is a true statement about her potential penalties?

A) She could receive a reprimand, be fined, and/or her license could be suspended or revoked.
B) She could go to prison.
C) Her license will be suspended.
D) If it is a first-time offense, she will not face any penalties.

2. Before you sign an exclusive right to sell agreement with a seller, what must you do?

A) Provide a pro forma.
B) List the property.
C) Market the property.
D) Explain the option of the exclusive agency agreement.

3. What is typically required for a real estate agent to earn a commission from a client?

A) The client can make a verbal agreement with you.
B) The client must be a buyer.
C) The client must make an express, written agreement to pay a commission to your broker.
D) You must express an interest in representing the client.

4. Which term is used to define a search of public records going back at least 60 years to establish a property's title history?

A) Title examination
B) Correction deed
C) Title report
D) Limited search

5. How should all compensation related to real estate transactions be handled according to real estate law?

A) All compensation must go directly to the salesperson from the seller or buyer.
B) Compensation can be handled privately between agents without broker involvement.
C) Compensation must be channeled through the salesperson's broker.
D) Salespeople can receive compensation directly from mortgage brokers or title representatives.

Solutions: