MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ .
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Course
MARYLAND REAL ESTATE
Institution
MARYLAND REAL ESTATE
MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ . Terms like:
Which is TRUE of employees of the Commission? - Answer: They include an executive director and field inspectors
cooperating agents - Answer: -A cooperating agent who brings in a buyer has fiduciary duties to the seller/o...
MARYLAND REAL ESTATE EXAM PREP/40+ Qs
with Certified Ans/ 2024-2025.
Which is TRUE of employees of the Commission? - Answer: They include an
executive director and field inspectors
cooperating agents - Answer: -A cooperating agent who brings in a buyer has
fiduciary duties to the seller/owner
- Cooperating agents can represent the buyer
-Cooperating agents are sub-agents of the listing broker
After getting a license, how often must you take Continuing Education classes? -
Answer: every 2 years - 15 hours
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, Where does fees paid for by Maryland real estate licenses go? - Answer: The State
Real Estate Commission Fund
Which of the following does NOT end presumed buyer representation? - Answer:
The licensee working with prospects fails to present a disclosure of representation
form
Does Maryland have dower laws? - Answer: no
Dual agency is permitted only in brokerage firms consisting of three or more
licensee - Answer: true in Maryland
In which of the following situations does an act of real estate brokerage require a
real estate brokerage license? - Answer: A person charges a modest consulting fee
to guide his friend in the sale of a home
Which is not necessary for a valid contract? - Answer: due date
Licensees do NOT need to do which of the following to be "qualified real estate
agents" and be eligible to use Schedule C-Self-Employed when filing federal tax
returns? - Answer: Be free from their broker's control of how their work is done
What term means "going to the state?" - Answer: escheat
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