Real Estate Maryland Real Estate Salesperson Examination - Maryland-Real-Estate-Salesperson

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In which type of lease does the tenant pay some or all expenses separately?

A) Sublease
B) Percentage lease
C) Net lease
D) Gross lease

2. Which of the following is a material fact that must be disclosed to prospective buyers?

A) A previous homeowner had Ebola.
B) A house has had more than ten owners.
C) A previous owner had HIV.
D) A lead-based paint disclosure must be included since the home was built in 1957.

3. When must informed consent for dual agency be obtained?

A) In the first face-to-face meeting with a potential client
B) At the time when the licensee and customer have entered into an agent/client relationship
C) As the situation arises
D) Prior to entering into a contract for a specific transaction.

4. Which of these statements about cooperating with other licensees is true?

A) Licensees must compensate other licensees.
B) Licensees must cooperate with other licensees when it is in the interest of their client, and share the commission on a previously agreed-upon basis.
C) Licensees must cooperate with other licensees, even if it is not in their client's best interest.
D) Licensees must cooperate with and compensate other licensees, even if it's not in their client's best interest.

5. Which of the following is an example of positive misrepresentation?

A) It results in a positive outcome.
B) An agent knowingly made a false statement that caused harm.
C) An inadvertent error occurred.
D) An agent made an unintentional error that resulted in a positive outcome.

Solutions: