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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations?

A) License law
B) Agency law
C) Fair housing
D) Antitrust

2. To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?

A) Sign a consent form.
B) Check the "We understand and consent to the terms presented on this page" statement.
C) Initial and date the bottom of each page of the contract.
D) Nod their heads "yes."

3. In terms of encumbrances, what's a license?

A) Process by which a non-owner gains possession of a property after a certain amount of time
B) Permission to do something on another's land while also possessing an interest or ownership in the land
C) Permission to alter someone's land or property
D) Permission without possession, interest, or ownership

4. Why might a property owner avoid paying capital gains tax on a property sale?

A) He didn't file his taxes correctly.
B) He didn't sell the property.
C) He didn't convey the property.
D) He did a tax-deferred exchange.

5. Which of the following is true about USDA loans?

A) Loan terms may be as long as 38 years.
B) They mirror the requirements for conventional loans.
C) They're for farm loans only.
D) They're for rural housing loans only.

Solutions: