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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How does the income from property taxes benefit the community?

A) It's used to build high-end housing.
B) It's used to determine property tax increases.
C) It's used to fund essential services and public works.
D) It's used to build new shopping malls.

2. When a client understands what dual agency is and agrees in writing to allow a firm to act as a dual agent for them in a real estate transaction, this is known as ________.

A) Informed consent
B) Representation by proxy
C) Double dipping
D) Mutual agreement

3. Which of these situations would result in the earnest money being disbursed to the seller?

A) The buyer includes hard money in the purchase offer, then terminates the sale when the appraisal comes in low.
B) The escrow agent converts the earnest money.
C) The seller gets cold feet and cancels the transaction.
D) The buyer backs out when the appraisal comes in too low to satisfy the contingency.

4. What is the primary purpose of a property tax levy?

A) It's used to build high-end housing.
B) It's used to determine property tax increases.
C) It's used to fund essential services and public works.
D) It's used to build new shopping malls.

5. What's the purpose of testing with regard to fair housing?

A) To educate applicants
B) To increase fines on landlords
C) To punish blatant discrimination
D) To uncover hidden discrimination

Solutions: