Real Estate : Maryland-Real-Estate-Salesperson Questions & Answers

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

2. Which of these is an example of a lot-and-block description?

A) Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds
B) "Beginning at the iron pin 30 paces from the center of the brook that runs across the road southwesterly from the dwelling ..."
C) S ½ SE ¼ NW ¼ Section 2 ...
D) 123 Roanoke Street Any Town, ST 98765

3. 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) Continue to work with the client, but not tell the client about his lack of experience.
B) Decide to no longer represent the client.
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 secretly consult with a commercial broker when he has questions.

4. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?

A) Misrepresentation
B) Puffing
C) Fraud
D) Negligence

5. Local real estate developments, such as a new subdivision, will likely impact the ______ most.

A) The passage of federal legislation
B) The economic health of a city 200 miles away
C) The aesthetics of a community
D) The neighboring states

Solutions: