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Comprehensive Version and Good Service
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Online Version
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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Maryland State Law and Regulations | - Agency Disclosure and Representation in Maryland - Property Disclosure Requirements (e.g., defects, lead-based paint) - Maryland Real Estate Commission (MREC) Rules and Authority - Disciplinary Actions and Enforcement - Advertising and Brokerage Practices - Licensing Requirements and Procedures - Trust Accounts and Handling Client Funds |
| Topic 2: National Real Estate Principles | - Valuation and Market Analysis - Property Ownership and Land Use Controls - Real Estate Calculations - Transfer of Title and Closing Procedures - Financing - Contracts - Real Estate Practice and Fair Housing - Agency Relationships and Duties |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. Maryland real estate licensees should be aware that, in addition to the federally protected classes, the state's fair housing laws also prohibit discrimination based on the protected classes of _______.
A) Marital status, sexual orientation, gender identity, and source of income
B) Students, retired persons, and the unemployed
C) Smokers, students, and the elderly
D) Gun owners and military status
2. Kip is a sub-agent working with a buyer customer, Charlie, for Sheila's listing of May's property. To whom does Kip owe his loyalty?
A) Charlie
B) Sheila and May
C) Sheila and Charlie
D) May
3. 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?
A) Continue to work with the client, but secretly consult with a commercial broker when he has questions.
B) 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.
C) Continue to work with the client, but not tell the client about his lack of experience.
D) Decide to no longer represent the client.
4. What items go into the seller's credit column and the buyer's debit column when calculating prorations?
A) Home inspection fees
B) Unpaid property taxes
C) Prepaid property taxes
D) The buyer's loan amount
5. 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.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |

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