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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles | - Valuation and Market Analysis - Property Ownership and Land Use Controls - Agency Relationships and Duties - Contracts - Transfer of Title and Closing Procedures - Real Estate Practice and Fair Housing - Real Estate Calculations - Financing |
| Topic 2: Maryland State Law and Regulations | - Property Disclosure Requirements (e.g., defects, lead-based paint) - Licensing Requirements and Procedures - Agency Disclosure and Representation in Maryland - Disciplinary Actions and Enforcement - Advertising and Brokerage Practices - Maryland Real Estate Commission (MREC) Rules and Authority - Trust Accounts and Handling Client Funds |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Question 1
Why would a buyer want to know whether any additions or alterations were made to a property?
A. So the buyer can decide whether a price reduction is in order
B. So the buyer can determine if permits were pulled
C. So the buyer can remove these items prior to closing
D. So the buyer can use the same contractor for additional additions and alterations
Question 2
Risks to computer systems can be reduced by avoiding public networks, sites, and suspicious sites.
A. All
B. Secure
C. Unsecure
D. Encrypted
Question 3
In what type of lease does the landlord pay taxes, maintenance, and insurance?
A. Percentage lease
B. Gross lease
C. Net lease
D. Triple net lease
Question 4
Earnest money is sometimes referred to as a "down payment on the ______."
A. Transfer tax
B. Mortgage insurance
C. Down payment
D. Seller's proceeds
Question 5
A negotiable instrument must contain an order to pay or a ______.
A. Promise to pay
B. Hand written signature
C. Flexible sum of money
D. Notary stamp
Solutions:
| Question 1 Answer: B | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: A |



