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. What is typically required for a real estate agent to earn a commission from a client?

A) The client can make a verbal agreement with you.
B) You must express an interest in representing the client.
C) The client must make an express, written agreement to pay a commission to your broker.
D) The client must be a buyer.

2. How does the building department ensure that a builder who has obtained a permit builds according to code?

A) The building department sends inspectors to inspect the work.
B) The builder submits a monthly progress report.
C) The builder is required to submit to weekly inspections performed by peers in the industry.
D) The builder signs an affidavit to that effect.

3. Which type of events are generally on a title insurance policy's schedule of exceptions?

A) Liens or encumbrances that aren't in the public record
B) Mechanic's liens filed prior to a title insurance policy's effective date
C) Claims from an owner with an unrecorded deed
D) Claims that were filed in the public record before a title insurance policy's effective date

4. Which of the following is the best definition of a covenant between a lessor and lessee?

A) An addendum to a contract added after it's signed
B) A provision for which neither party to a contract is willing to compromise
C) An agreement or promise made between the parties
D) A rent escalation

5. [Listing Agreements and Buyer Representation]Properly pricing a property that is entering the market will

Solutions: