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Practice Real Estate Licensing Maryland-Real-Estate-Salesperson Exam Questions

Page: 1/22
Total 110 Questions

Question No 1

Members of the Maryland Real Estate Commission serve _______ - year terms.

Choose the Choices:

Five

Four

Question No 2

In relation to appraisals, what is a "federally related transaction"?

Choose the Choices:

An appraisal that a federally licensed appraiser conducts

A real estate transaction in which a federal financial agency or regulatory authority is involved

A transaction involving the sale of government secrets

A transaction in which financing is obtained from foreign investors

Question No 3

Which of the following is one of your duties as a listing agent?

Choose the Choices:

Disclose material facts to the seller only.

Hold confidential all facts from the buyer, even material facts.

Promote your client's interests throughout the entire transaction.

Secure a profit for your client.

Question No 4

What happens when a married couple who owns a property as tenants by the entirety divorce?

Choose the Choices:

Their ownership changes to tenants in common.

Their ownership rights terminate.

The one who records title first gets the property.

They become joint tenants with right of survivorship.

Question No 5

________ can be defined as everything that’s not real property.

Choose the Choices:

Land property

Personal property

Private property

Real estate

Page: 1/22
Total 110 Questions

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