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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What type of ground lease allows a tenant to buy out the lease?

A) Redeemable
B) Retrievable
C) Conceivable
D) Irretrievable

2. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Negative amortization
B) Growing equity
C) Blanket
D) Pledged account

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

4. At a business meeting attended by the heads of the top brokerages in town, the keynote speaker discussed a minimum listing fee. What is this?

A) Market allocation
B) Price fixing
C) Group boycotting
D) Tie-in arrangement

5. Where can you find out what's not covered by a title insurance policy?

A) The title insurance policy's schedule of exceptions
B) The internet
C) The lender's attorney
D) The county clerk's office

Solutions: