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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What's the primary purpose of bulk zoning?

A) To restrict density
B) To increase density
C) To keep like properties together
D) To allow warehouse facilities in residential areas

2. In relation to appraisals, what is a "federally related transaction"?

A) A transaction involving the sale of government secrets
B) A transaction in which financing is obtained from foreign investors
C) An appraisal that a federally licensed appraiser conducts
D) A real estate transaction in which a federal financial agency or regulatory authority is involved

3. Which agency duties survive termination of an agreement?

A) Reasonable skill and care, confidentiality, and loyalty
B) Confidentiality, loyalty, and accounting
C) Accounting and loyalty
D) Confidentiality and accounting

4. When a local planning board is reviewing density, it would consider ______.

A) FHA approval
B) Property values
C) Impact on neighboring states
D) Setbacks and boundaries

5. The power of the state to claim property when the owner dies without a will and without locatable heirs or creditors is also known as ______.

A) Taking
B) Eminent domain
C) Life estate
D) Escheat

Solutions: