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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Maryland State Law and Regulations | - Trust Accounts and Handling Client Funds - Property Disclosure Requirements (e.g., defects, lead-based paint) - Advertising and Brokerage Practices - Disciplinary Actions and Enforcement - Agency Disclosure and Representation in Maryland - Maryland Real Estate Commission (MREC) Rules and Authority - Licensing Requirements and Procedures |
| National Real Estate Principles | - Valuation and Market Analysis - Financing - Transfer of Title and Closing Procedures - Real Estate Practice and Fair Housing - Agency Relationships and Duties - Real Estate Calculations - Property Ownership and Land Use Controls - Contracts |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. A buyer can submit the earnest-money deposit in the form of _______.
A) A personal check
B) Verbal assurance
C) A post-dated check
D) A promissory note
2. What is the primary purpose of a property tax levy?
A) It's used to build new shopping malls.
B) It's used to fund essential services and public works.
C) It's used to determine property tax increases.
D) It's used to build high-end housing.
3. Who is typically responsible for paying the commission to a listing agent in a real estate transaction?
A) The buyer
B) The seller
C) The buyer and the licensee
D) The buyer and the seller
4. What do you call the person or entity that oversees trust or escrow money?
A) Special agent
B) Mortgage agent
C) Escrow agent
D) Escrow master
5. In relation to Maryland's PHIFA, if a foreclosure consultant is found to have intentionally violated the law, what's the maximum penalty the consultant may have to pay to a consumer who brings a private action?
A) Three times the actual damages, plus attorney's fees
B) Twice the actual damages
C) Actual damages
D) Actual damages, plus attorney's fees
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |



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