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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. If you take gross income and deduct operating expenses, what do you get?

A) Net operating income
B) Profit
C) Effective gross income
D) Potential gross income

2. What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate?

A) Escheat
B) Reversionary interest
C) Estate at sufferance
D) Act of waste

3. When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?

A) Agent
B) Principal
C) Grantee
D) County clerk

4. When an offer is prepared by a licensee for a buyer to present to a seller, who determines the amount of the earnest money offered?

A) The licensee
B) The broker
C) The seller
D) The buyer

5. 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) 123 Roanoke Street Any Town, ST 98765
C) "Beginning at the iron pin 30 paces from the center of the brook that runs across the road southwesterly from the dwelling ..."
D) S ½ SE ¼ NW ¼ Section 2 ...

Solutions: