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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has arranged for the property to be given to the School for the Gifted. What interest does the School for the Gifted currently have?

A) Ownership
B) Remainder
C) Reversionary
D) Possession

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

3. What is the primary purpose of a property tax levy?

A) It's used to fund essential services and public works.
B) It's used to build new shopping malls.
C) It's used to build high-end housing.
D) It's used to determine property tax increases.

4. Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

A) The buyer
B) The seller
C) The title insurance company
D) The lender

5. Which of the following is used to protect the buyer from title defects after closing?

A) Chain of title
B) Attorney's opinion of title
C) Abstract of title
D) Buyer title insurance policy

Solutions: