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

SectionWeightObjectives
National Portion80%- Leasing and Property Management
  • 1. Management Agreements
  • 2. Lease Types
- Financing
  • 1. Financial Instruments
  • 2. Types of Loans
  • 3. Government Programs
- Contracts
  • 1. Contract Law
  • 2. Types of Contracts
- Practice of Real Estate
  • 1. Fair Housing
  • 2. Licensing Laws
- Real Estate Calculations
  • 1. Mathematical Concepts
- Land Use Controls and Regulations
  • 1. Private Controls
  • 2. Government Rights in Land
- General Principles of Agency
  • 1. Duties and Responsibilities
  • 2. Agency Relationships
- Valuation and Market Analysis
  • 1. Market Analysis
  • 2. Appraisal Methods
- Property Ownership
  • 1. Classes of Property
  • 2. Real Property
  • 3. Personal Property
- Property Disclosures
  • 1. Environmental Issues
  • 2. Material Defects
- Transfer of Title
  • 1. Closing Processes
  • 2. Deeds
  • 3. Title Insurance
Maryland State Portion30%- Licensure Requirements
  • 1. Eligibility Criteria
  • 2. Continuing Education
- Duties and Powers of the Real Estate Commission
  • 1. Licensing Procedures
  • 2. Commission Authority
- Maryland-Specific Laws and Regulations
  • 1. State Real Estate Code
  • 2. Agency Laws

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question #1

Why is it important for a seller to disclose the presence of an old fuel tank on a property?

  • A. Older tanks may leak and contaminate the ground.
  • B. The buyer will need to check if the tank is correctly sized.
  • C. The buyer may want to use the tank.
  • D. Buyers don't need to know.
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Correct Answer: A  🗳️

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Question #2

What entity enforces the Maryland Code of Ethics?

  • A. The Maryland Association of Real Estate Ethics
  • B. The Maryland Real Estate Commission
  • C. COMAR
  • D. REALTOR associations
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Correct Answer: B  🗳️

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Question #3

In accordance with the Maryland Property Condition Disclosure Law, when is the seller required to provide the Maryland Residential Property Disclosure and Disclaimer Statement to the buyer?

  • A. Only if the buyer asks for it.
  • B. No more than 24 hours after both parties have signed the agreement.
  • C. On or before entering into a contract of sale with the buyer.
  • D. Only before entering into a contract of sale with the buyer.
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Correct Answer: C  🗳️

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Question #4

Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

  • A. Proforma
  • B. Market process
  • C. Comparative market analysis
  • D. Appraisal
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Correct Answer: C  🗳️

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Question #5

Risks to computer systems can be reduced by avoiding public networks, sites, and suspicious sites.

  • A. All
  • B. Encrypted
  • C. Secure
  • D. Unsecure
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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