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Guide for Maryland-Real-Estate-Salesperson: Real Estate Licensing Maryland Real Estate Salesperson Examination

Quiz Maryland-Real-Estate-Salesperson: Real Estate Licensing Maryland Real Estate Salesperson Examination

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/ 10

Quiz

1/10
Members of the Maryland Real Estate Commission serve -year terms.
Select the answer
1 correct answer
A.
Five
B.
Four
C.
Six
D.
Two

Quiz

2/10
In relation to appraisals, what is a "federally related transaction"?
Select the answer
1 correct answer
A.
An appraisal that a federally licensed appraiser conducts
B.
A real estate transaction in which a federal financial agency or regulatory authority is involved
C.
A transaction involving the sale of government secrets
D.
A transaction in which financing is obtained from foreign investors

Quiz

3/10
Which of the following is one of your duties as a listing agent?
Select the answer
1 correct answer
A.
Disclose material facts to the seller only.
B.
Hold confidential all facts from the buyer, even material facts.
C.
Promote your client's interests throughout the entire transaction.
D.
Secure a profit for your client.

Quiz

4/10
What happens when a married couple who owns a property as tenants by the entirety divorce?
Select the answer
1 correct answer
A.
Their ownership changes to tenants in common.
B.
Their ownership rights terminate.
C.
The one who records title first gets the property.
D.
They become joint tenants with right of survivorship.

Quiz

5/10
Can be defined as everything that’s not real property.
Select the answer
1 correct answer
A.
Land property
B.
Personal property
C.
Private property
D.
Real estate

Quiz

6/10
The cost approach to finding an appraised value measures which of the following?
Select the answer
1 correct answer
A.
The cost to acquire land and construct a reproduction
B.
The cost to acquire land only
C.
The cost to construct a reproduction only
D.
The expenses the property is expected to produce for the owner

Quiz

7/10
Which photograph of a home for sale should not be published for public viewing?
Select the answer
1 correct answer
A.
An exterior photo showcasing the pool and outdoor kitchen/bar area
B.
A photo of the billiards room that reveals the owner's collection of antique guns
C.
A photo of the master bathroom that also shows the photographer's arm reflected in the mirror
D.
A wide-angle photo of the renovated kitchen that makes the area look larger than it really is

Quiz

8/10
Which of the following is a method a real estate licensee uses to determine an appropriate listing
price range?
Select the answer
1 correct answer
A.
Appraisal
B.
Comparative market analysis
C.
Market process
D.
Proforma

Quiz

9/10
What is it called when a person who has possession of a property through a life estate abuses the
property or allows it to deteriorate?
Select the answer
1 correct answer
A.
Act of waste
B.
Escheat
C.
Estate at sufferance
D.
Reversionary interest

Quiz

10/10
In a real estate transaction, what's a real estate licensee's responsibility regarding household lead
hazards for homes built before 1978?
Select the answer
1 correct answer
A.
To disclose to buyers that there's lead-based paint in a home
B.
To instruct the seller to remediate the lead-based paint
C.
To make sure all lead is removed by a licensed professional
D.
To remind the sellers to disclose the possible presence of lead-based paint to a buyer
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  • Quiz name:Maryland-Real-Estate-Salesperson: Real Estate Licensing Maryland Real Estate Salesperson Examination
  • Total number of questions:100
  • Number of questions for the test:50
  • Pass score:80%

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