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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following scenarios is an example of group boycotting?

A) Setting a standard commission rate with competitors
B) Agreeing with competitors to not cooperate with another business
C) Making doing business with a client dependent on the client also obtaining services from a related business
D) Segmenting the market to limit competition

2. 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.

3. A veteran licensee always has a face-to-face meeting before he works with any buyer. What might be a good reason for this?

A) To build trust and rapport
B) To determine the buyer's ethnicity
C) To look the buyer in the eye to see if the buyer is hiding anything
D) To get the buyer's FICO score, credit report, and tax receipts

4. When a lower-quality property is adjacent to a higher-quality property, it can diminish the value of the higher- quality property. What economic principle of value is this?

A) Anticipation
B) Regression
C) Progression
D) Contribution

5. Manny has a client who wants to purchase a commercial building. Manny doesn't have any experience negotiating commercial purchases. Which action should Manny take to demonstrate his good faith and most ethical behavior toward his client?

A) Decide to no longer represent the client.
B) Continue to work with the client, but secretly consult with a commercial broker when he has questions.
C) Tell the client about his inexperience, but say that he'd like to continue the relationship and will consult with a professional commercial broker throughout the transaction.
D) Continue to work with the client, but not tell the client about his lack of experience.

Solutions: