MARYLAND REAL ESTATE EXAM PREP/44 Qs with Certified Ans/ .
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Course
MARYLAND REAL ESTATE
Institution
MARYLAND REAL ESTATE
MARYLAND REAL ESTATE EXAM PREP/44 Qs with Certified Ans/ . Terms like:
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 th...
MARYLAND REAL ESTATE EXAM PREP/44 Qs
with Certified Ans/ 2024-2025.
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
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
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, After getting a license, how often must you take Continuing Education classes? -
Answer: every 2 years - 15 hours
Where does fees paid for by Maryland real estate licenses go? - Answer: The State
Real Estate Commission Fund
What term means "going to the state?" - Answer: escheat
Who can hold standard licenses to provide Maryland residential real estate
brokerage services? - Answer: individuals
What is required by law on any outdoor sign or advertisement displayed on
property for sale subject to ground rent? - Answer: If the sign shows the price, it
must also show ground rent and cost of capitalization in lettering no smaller than
the lettering used for the price
An unlicensed person improperly collecting a real estate commission is guilty of -
Answer: A misdemeanor
What is homestead protection? - Answer: The status provided to a home owner's
principal residence that protects the home against judgement up to a specified
amount.
Does Maryland have homestead laws? - Answer: no
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