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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

A) Principal
B) Interest
C) Usury
D) Discount point

2. 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) Fraud
B) Puffing
C) Negligence
D) Misrepresentation

3. A property is conveyed to an individual until that individual's death, when the property will be conveyed to another party. What type of estate is this?

A) Fee simple estate
B) Homestead estate
C) Life estate
D) Leasehold estate

4. 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?

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) Yes. Agency law prohibits Renae from showing the same property to two buyer clients.
C) Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
D) No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.

5. Where should a licensee typically verify the latest regulations and updates regarding real estate practices?

A) On the Real Estate Commission's website
B) With the licensee themselves
C) With the supervising brokerage
D) With a co-worker of the licensee

Solutions: