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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Maryland State Portion | 27% | - Ethics
|
| National Portion | 73% | - Real Estate Calculations
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. A deed must be ______ before it can be recorded.
A) Verified
B) Conveyed
C) Acknowledged
D) Transferred
2. What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate?
A) Act of waste
B) Reversionary interest
C) Estate at sufferance
D) Escheat
3. To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?
A) Sign a consent form.
B) Initial and date the bottom of each page of the contract.
C) Nod their heads "yes."
D) Check the "We understand and consent to the terms presented on this page" statement.
4. Supply and demand determine the competitive environment. Which of the following is a true statement?
A) When there are more homes on the market, buyers hold the negotiating power.
B) When there are more homes on the market, buyers can't be picky.
C) When there are more homes on the market, it drives prices upward.
D) When there are more homes on the market, sellers can demand more for their property.
5. In which type of lease does the tenant pay some or all expenses separately?
A) Sublease
B) Net lease
C) Percentage lease
D) Gross lease
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
