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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Jillian has a loan-to-value ratio of 90/100. This means-

A) The property is only worth 90% of the amount loaned.
B) Her loan is 90% of the value of the real estate used as collateral and she is putting 10% down.
C) Her loan is 10% of the value of the real estate used as collateral and she is obtaining a second mortgage for 90%.
D) She is putting 10% down, with 90% being pulled from her IRA.

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

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

3. Which of these is a colorless, odorless, radioactive gas that is released when uranium decays?

A) Carbon monoxide
B) Polychlorinated biphenyls
C) Chlorofluorocarbons
D) Radon

4. Dan is buying Chuck's property, which is listed with Nevin's brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

A) Dan and Chuck
B) Dan, Chuck, and Nevin
C) Dan and Nevin
D) Chuck and Nevin's brokerage

5. A licensee wants to meet with her potential buyer clients face-to-face in her office. What's her reason for doing this?

A) She wants to run a credit check on the buyers.
B) She wants to make sure the buyers are serious about purchasing.
C) She wants to sell the buyers on a local neighborhood that she likes.
D) She wants the buyers to meet her office mate.

Solutions: