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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Complete this formula: Net to seller = ______

A) (100% - commission rate)
B) Sales price
C) Closing costs
D) Market value
E) Commission rate

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

A) Operation of law
B) Intestate
C) Nothing
D) Heirs' wishes

3. Shelly buys Mark's house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?

A) Mark will have to refund Monique's option fee.
B) Shelly will have to sell the house to Monique.
C) Shelly and Mark must form a new option agreement.
D) Nothing will happen, as long as Shelly has a fully executed sales contract with Mark.

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

A) Eviction
B) Encumbrance
C) Appurtenance
D) Agreement

5. When registering a business, which of the following is a correct requirement for naming the business?

A) They must use a business name, which may not be their own name.
B) They must use their own name or their own name in combination with a registered business name.
C) They must use their own name in combination with a nickname.
D) They must use their own name only.

Solutions: