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Maryland-Real-Estate-Salesperson Maryland Real Estate Salesperson Examination Questions and Answers

Questions 4

Which type of deed offers the strongest and broadest form of guarantee and protection of title to the grantee?

Options:

A.

Bargain and sale deed

B.

Executor’s deed

C.

Full covenant and warranty deed

D.

Quitclaim deed

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Questions 5

Gia is acting as a seller agent. Which of these is a duty she must perform?

Options:

A.

Keep the buyer informed.

B.

Market and sell the property.

C.

Negotiate for the buyer.

D.

Represent the buyer while making sure that none of the seller's advantages are lost.

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Questions 6

In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?

Options:

A.

A designated agent

B.

A general agent

C.

A special agent

D.

A universal agent

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Questions 7

Dan is buying Chuck’s property, which is listed with Nevin’s brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

Options:

A.

Chuck and Nevin’s brokerage

B.

Dan and Chuck

C.

Dan and Nevin

D.

Dan, Chuck, and Nevin

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Questions 8

What type of agency exists because of the actions and behavior of the parties?

Options:

A.

Action agency

B.

Behavioral agency

C.

Express agency

D.

Implied agency

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Questions 9

A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?

Options:

A.

A lie

B.

Intentional misrepresentation

C.

Positive misrepresentation

D.

Puffery

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Questions 10

Which act gives companies the right to sue a competitor for making deceptive ad claims?

Options:

A.

The Gramm–Leach–Bliley Act

B.

The Lanham Act

C.

The Privacy Act

D.

The Truth in Advertising Act

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Questions 11

_____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.

Options:

A.

Bracketing

B.

Bridging

C.

Substituting

D.

Surrounding

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Questions 12

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?

Options:

A.

Check the “We understand and consent to the terms presented on this page” statement.

B.

Initial and date the bottom of each page of the contract.

C.

Nod their heads “yes.”

D.

Sign a consent form.

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Questions 13

At the end of this month, Evy will have been paying rent on her ground lease for 15 years. She's decided to give 30 days' notice to the landowner that she plans to buy out the lease. What type of ground lease does Evy have?

Options:

A.

Irredeemable ground lease

B.

Irregular ground lease

C.

Redeemable ground lease

D.

Regular ground lease

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Questions 14

What does a lender charge a borrower for using the lender's money?

Options:

A.

Discount point

B.

Interest

C.

Principal

D.

Usury

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Questions 15

Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?

Options:

A.

No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.

B.

No. Renae hasn’t violated agency law by showing the same property to two separate buyer clients.

C.

Yes. Agency law prohibits Renae from showing the same property to two buyer clients.

D.

Yes. Renae should’ve asked Shannon if she wanted to make an offer before showing the property to another client.

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Questions 16

Supply and demand determine the competitive environment. Which of the following is a true statement?

Options:

A.

When there are more homes on the market, buyers can't be picky.

B.

When there are more homes on the market, buyers hold the negotiating power.

C.

When there are more homes on the market, it drives prices upward.

D.

When there are more homes on the market, sellers can demand more for their property.

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Questions 17

Manny has a client who wants to purchase a commercial building. Manny doesn’t have any experience negotiating commercial purchases. Which action should Manny take to demonstrate his good faith and most ethical behavior toward his client?

Options:

A.

Continue to work with the client, but not tell the client about his lack of experience.

B.

Continue to work with the client, but secretly consult with a commercial broker when he has questions.

C.

Decide to no longer represent the client.

D.

Tell the client about his inexperience, but say that he'd like to continue the relationship and will consult with a professional commercial broker throughout the transaction.

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Questions 18

Janice’s life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has arranged for the property to be given to the School for the Gifted. What interest does the School for the Gifted currently have?

Options:

A.

Ownership

B.

Possession

C.

Remainder

D.

Reversionary

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Questions 19

What’s the primary purpose of bulk zoning?

Options:

A.

To allow warehouse facilities in residential areas

B.

To increase density

C.

To keep like properties together

D.

To restrict density

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Questions 20

Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.

Options:

A.

Bracketing

B.

Competition

C.

Correlation

D.

Substituting

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Questions 21

In a real estate transaction, who does a licensee represent?

Options:

A.

A client

B.

A client or customer

C.

A customer

D.

A principal or customer

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Questions 22

In the conveyance of real property after death, what takes precedent over any terms specified in the deceased person's will?

Options:

A.

Heirs' wishes

B.

Intestate

C.

Nothing

D.

Operation of law

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Questions 23

Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.

Options:

A.

disclosure

B.

honesty

C.

reasonable skill and care

D.

undivided loyalty

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Questions 24

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

Options:

A.

Common

B.

Joint tenancy

C.

Severalty

D.

Trust

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Questions 25

Under which type of buyer agency agreement does a buyer reserve the right to self-represent?

Options:

A.

Exclusive agency

B.

Exclusive right to represent

C.

Open agency

D.

Personal agency

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Questions 26

A deed must be ______ before it can be recorded.

Options:

A.

Acknowledged

B.

Conveyed

C.

Transferred

D.

Verified

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Questions 27

What responsibility do licensees have regarding household lead hazards?

Options:

A.

Disclosing that there's lead-based paint to a buyer, even when they don't know for sure it's there

B.

Disclosing that there's lead-based paint to a buyer when they know about it

C.

Making sure all lead is removed, even if they have to personally remove it

D.

Making sure their sellers know how to hide the presence of lead-based paint

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Questions 28

When a lower-quality property is adjacent to a higher-quality property, it can diminish the value of the higher-quality property. What economic principle of value is this?

Options:

A.

Anticipation

B.

Contribution

C.

Progression

D.

Regression

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Questions 29

What type of property is a condominium?

Options:

A.

A condo always includes landownership.

B.

A condo has a proprietary lease.

C.

A condo is a multi-family property.

D.

A condo is a single-family property.

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Questions 30

Plat of Block 28, Woodmen Heights Tract, recorded in Map Book 27, page 68, at the Elder County Records Office is an example of which essential element of a deed?

Options:

A.

Consideration

B.

Granting clause

C.

Habendum clause

D.

Legal description

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Questions 31

What are emblements considered to be?

Options:

A.

A subsurface right

B.

Land

C.

Personal property

D.

Real property

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Questions 32

Which of the following is an action that real estate licensees may take without practicing law illegally?

Options:

A.

Create their own real estate forms.

B.

Interpret legal consequences of specific actions.

C.

Use existing forms that an attorney has reviewed.

D.

Write addenda that cover unfamiliar or unusual circumstances.

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Questions 33

What is a claim or lien on a property title that can be monetary or physical?

Options:

A.

Agreement

B.

Appurtenance

C.

Encumbrance

D.

Eviction

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Questions 34

Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

Options:

A.

The buyer

B.

The lender

C.

The seller

D.

The title insurance company

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Questions 35

The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger ______ neighborhoods.

Options:

A.

Diverse

B.

Gated

C.

Segregated

D.

Transit-oriented

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Questions 36

The cost approach to finding an appraised value measures which of the following?

Options:

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

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Questions 37

Options:

A.

He did a tax-deferred exchange.

B.

He didn’t convey the property.

C.

He didn’t file his taxes correctly.

D.

He didn’t sell the property.

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Questions 38

Options:

A.

It’s used to build high-end housing.

B.

It’s used to build new shopping malls.

C.

It’s used to determine property tax increases.

D.

It’s used to fund essential services and public works.

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Questions 39

Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?

Options:

A.

$120,000

B.

$420,000

C.

$480,000

D.

$600,000

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Questions 40

Options:

A.

Deferment

B.

Depreciation

C.

Equity

D.

Taxable gains

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Questions 41

In terms of encumbrances, what's a license?

Options:

A.

Permission to alter someone's land or property

B.

Permission to do something on another's land while also possessing an interest or ownership in the land

C.

Permission without possession, interest, or ownership

D.

Process by which a non-owner gains possession of a property after a certain amount of time

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Questions 42

Complete this formula: Net to seller = ______

Options:

A.

(100% - commission rate)

B.

Closing costs

C.

Commission rate

D.

Market value

E.

Sales price

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Questions 43

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

Options:

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.

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Questions 44

If a consumer wants to file a deceptive ad complaint, which entity should be contacted?

Options:

A.

The BBB

B.

The Department of Justice

C.

The FBI

D.

The local police department

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Questions 45

The courts use three primary tests to determine whether something is personal property or real property. What are the names of the three tests?

Options:

A.

Method of attachment, acknowledgement and adaptation

B.

Method of attachment, agreement, and accessory

C.

Method of attachment, agreement, and adaptation

D.

Method of reimbursement, agreement, and adaptation

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Questions 46

Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?

Options:

A.

Appropriate financing

B.

High-risk loan products

C.

Rental options

D.

Rental options and high-risk loan products

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Questions 47

What might you find in the legal description of a deed?

Options:

A.

County clerk’s name

B.

Metes and bounds property description

C.

Name of developer

D.

Title abstract

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Questions 48

What do you call the person or entity that oversees trust or escrow money?

Options:

A.

Escrow agent

B.

Escrow master

C.

Mortgage agent

D.

Special agent

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Questions 49

James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

Options:

A.

Assignable

B.

Land

C.

Tertiary

D.

Testamentary

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Questions 50

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

Options:

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

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Questions 51

Radon has natural origins and is a colorless, odorless, radioactive gas that’s released when ______ decays.

Options:

A.

Kryptonite

B.

Lead

C.

Radonite

D.

Uranium

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Questions 52

What agency enforces fair housing laws in Maryland?

Options:

A.

The Commission on Civil Rights

B.

The Discriminatory Acts Board

C.

The Fair Housing Administration and Enforcement Board

D.

The Fair Housing Updates Board

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Questions 53

When assigning a contract, what should the assignor ensure is permitted in the purchase contract?

Options:

A.

Acceleration

B.

A due-on-sale clause

C.

Assignability

D.

Termination

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Questions 54

Edgar is in the process of selling his home in a short sale. What's a short sale?

Options:

A.

A property sale that occurs in less than one week

B.

A sale that fails to receive a high enough bid at auction, and then falls to the bank's ownership

C.

The forced sale of a home due to the borrower defaulting on the mortgage loan

D.

The sale of a property at an amount less than is owed, not including closing costs

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Questions 55

Options:

A.

$10,000 per violation

B.

$1,000 per violation

C.

$25,000 per violation

D.

$2,500 per violation

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Questions 56

Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

Options:

A.

Closing Disclosure

B.

Escrow closing notice

C.

Loan Estimate

D.

The Mortgage Servicing Transfer Disclosure

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Questions 57

Google and “If This, Then That” alerts can assist you with which of the following?

Options:

A.

Guaranteeing that the property owner receives all rental income

B.

Monitoring your online listings for rental scams

C.

Posting your online listings for rent

D.

Removing your listings from a rental website

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Questions 58

Ellen and Sadie signed an agreement to list Sadie’s condo for sale. After the contract was signed, Sadie’s father, Grant, offered to pay Ellen’s commission as a housewarming present. Sadie’s mom and stepdad, Linda and Rick, also chipped in. Who is Ellen’s client?

Options:

A.

Grant

B.

Linda

C.

Rick

D.

Sadie

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Questions 59

In Maryland, it's customary for the buyer and seller to split the transfer and recordation ______.

Options:

A.

25/75

B.

30/70

C.

40/60

D.

50/50

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Questions 60

Options:

A.

Buyers don't need to know.

B.

Older tanks may leak and contaminate the ground.

C.

The buyer may want to use the tank.

D.

The buyer will need to check if the tank is correctly sized.

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Questions 61

The earth’s surface, extending downward to the center of the earth and upward to infinity, including permanently attached natural objects, is called ______.

Options:

A.

Estate

B.

Land

C.

Real estate

D.

Real property

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Questions 62

Which comments field in an MLS listing may contain gate, lockbox, and security code information with the seller's written permission?

Options:

A.

General

B.

Private

C.

Public

D.

Seller

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Exam Name: Maryland Real Estate Salesperson Examination
Last Update: Nov 16, 2025
Questions: 209
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