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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Maryland State Law and Regulations | - Advertising and Brokerage Practices - Maryland Real Estate Commission (MREC) Rules and Authority - Disciplinary Actions and Enforcement - Licensing Requirements and Procedures - Property Disclosure Requirements (e.g., defects, lead-based paint) - Agency Disclosure and Representation in Maryland - Trust Accounts and Handling Client Funds |
| Topic 2: National Real Estate Principles | - Transfer of Title and Closing Procedures - Real Estate Calculations - Contracts - Agency Relationships and Duties - Property Ownership and Land Use Controls - Real Estate Practice and Fair Housing - Valuation and Market Analysis - Financing |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. Which one of these describes a deed?
A) Ownership document
B) Promissory note
C) Abstract of title
D) Recording fee
2. When assigning a contract, what should the assignor ensure is permitted in the purchase contract?
A) A due-on-sale clause
B) Termination
C) Assignability
D) Acceleration
3. Under which type of buyer agency agreement does a buyer reserve the right to self-represent?
A) Open agency
B) Exclusive right to represent
C) Exclusive agency
D) Personal agency
4. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?
A) Growing equity
B) Blanket
C) Pledged account
D) Negative amortization
5. What, when signed by all parties to a sales contract, changes the original terms of the contract?
A) Annexation
B) Appurtenance
C) Amendment
D) Addendum
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
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