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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Why would a buyer want to know whether any additions or alterations were made to a property?

A) So the buyer can decide whether a price reduction is in order
B) So the buyer can determine if permits were pulled
C) So the buyer can remove these items prior to closing
D) So the buyer can use the same contractor for additional additions and alterations

2. What type of ownership do most corporations use to hold real property?

A) Trust
B) Common
C) Joint tenancy
D) Severalty

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) Check the "We understand and consent to the terms presented on this page" statement.
C) Nod their heads "yes."
D) Initial and date the bottom of each page of the contract.

4. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?

A) Negligence
B) Misrepresentation
C) Puffing
D) Fraud

5. What's the purpose of a listing agreement in Maryland?

A) To bind the seller to one agent
B) To specify the agreement between the listing broker and the seller
C) To guarantee payment for the listing agent
D) To guarantee a sale

Solutions: