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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In relation to appraisals, what is a "federally related transaction"?

A) An appraisal that a federally licensed appraiser conducts
B) A transaction involving the sale of government secrets
C) A transaction in which financing is obtained from foreign investors
D) A real estate transaction in which a federal financial agency or regulatory authority is involved

2. One of Mrs. Wilson's tenants is leaving in a few months. She hates to see this particular tenant go because he has been an ideal tenant-always paying his rent on time, keeping his place clean, and never a complaint.
Unlike so many of her other tenants, this tenant deserves to get back his security deposit. By law, when must Mrs. Wilson return the deposit to her tenant?

A) Within 45 days of the lease ending.
B) Within two months of the lease ending.
C) Within two weeks of the lease ending.
D) Within one month of the lease ending.

3. What's the purpose of a listing agreement in Maryland?

A) To guarantee payment for the listing agent
B) To guarantee a sale
C) To bind the seller to one agent
D) To specify the agreement between the listing broker and the seller

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

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

5. In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as ______, where certain factors may be given more weight.

A) Averaging
B) Bracketing
C) Conformity
D) Reconciliation

Solutions: