MD REAL ESTATE LICENSE EXAM WITH COMPLETE SOLUTIONS. ACTUAL 24/25 EXAM UPDATE.
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MD REAL ESTATE LICENSE
Institution
MD REAL ESTATE LICENSE
MD REAL ESTATE LICENSE EXAM WITH COMPLETE SOLUTIONS. ACTUAL 24/25 EXAM UPDATE.
The buyer must work exclusively with the broker during the term of the agreement. -Correct Answer: Which of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreem...
MD REAL ESTATE LICENSE EXAM
WITH COMPLETE SOLUTIONS.
ACTUAL 24/25 EXAM UPDATE.
The buyer must work exclusively with the broker during the term of the agreement. -Correct Answer:
Which of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer
agency agreement?
-The buyer must work exclusively with the broker during the term of the agreement.
-The buyer has seven days to consent to being represented by a designated or dual agency before
terminating the agreement.
-The buyer must attend three open house events on their own.
-The buyer must make a purchase offer on the first property the agent finds that meets the buyer's needs.
The address of the property the buyer is purchasing -Correct Answer: Which of the following is NOT a
required inclusion in a Maryland buyer representation agreement?
-Each party's duties and responsibilities to the other
-The address of the property the buyer is purchasing
-A definite termination date
-Compensation details
Devon and Courtney will be held to their previous dual agency consent and the transaction will continue
unhindered. -Correct Answer: Devon and Courtney both consented to dual agency when they signed
their listing agreement with Chad
,from Crab Shack Homes, the Eastern Shore's premiere vacation home brokerage. But when another
licensee from Crab Shack presented Chad with an offer, the couple got cold claws and decided they
didn't want the potential conflict of interest with dual agency and withdrew their consent. Which of the
following is NOT a potential outcome?
-The buyers may find another broker to represent them.
-Devon and Courtney will be held to their previous dual agency consent and the transaction will
continue unhindered.
-Crab Shack may terminate the listing agreement.
-Devon and Courtney may terminate their agency relationship with Crab Shack and find another broker.
Jackson, an associate broker, acts as dual agent and designates two salespersons from the brokerage to
represent each party. -Correct Answer: Which of these scenarios depicts a potentially illegal dual
agency arrangement in Maryland?
-Corrina gives preliminary consent to dual agency when she signs her listing agreement, then re-affirms
her consent when an offer is made.
-Sandrine represents the seller in a transaction, and another licensee from her firm represents the buyer.
Both parties have consented to dual agency.
,-Parker represents a seller, and Jane, a licensee with another firm, delivers a buyer customer's offer for
that seller's property.
-Jackson, an associate broker, acts as dual agent and designates two salespersons from the brokerage to
represent each party.
Fatima isn't permitted to act as a dual agent. -Correct Answer: Fatima, a salesperson, is hosting an open
house in Annapolis for her seller client Ramona. Two interested buyers come in, and after Fatima gives
them a tour they tell her they'd like her to represent them in making an offer. Since her seller client has
already consented to dual agency, she gladly offers to represent the buyers and helps them write an offer
right there at the open house, making sure that they also sign a Consent for Dual Agency form. What's
wrong with this scenario?
-Fatima must wait until the open house is finished to have her new clients sign the Consent for Dual
Agency form.
-Fatima isn't permitted to act as a dual agent.
-Fatima doesn't need them to sign the Consent for Dual Agency form since her seller client already has.
-Fatima needs to reaffirm the seller's dual agency consent before she can help the buyers make their
offer.
As a sub-agent for the seller -Correct Answer: Cheyenne has been working with a buyer, though they
don't have a signed agency agreement. When he finds a house he likes, Cheyenne helps him fill out the
offer paperwork and submits it
, to the seller's agent. In what capacity is Cheyenne contributing to this transaction?
-As an agent for the buyer
-As a non-agent for the seller
-As a sub-agent for the buyer
-As a sub-agent for the seller
Offering earnest money deposit advice
Ministerial acts do not require that the licensee advocate for or advise the customer. Licensees should
not use their discretion or judgment in assisting customers. -Correct Answer: Which of the following
does NOT qualify as a ministerial act under Maryland law?
-Answering informational questions about a listing
-Offering earnest money deposit advice
-Writing a purchase offer as instructed
-Granting property access to a home inspector
She is out of luck and won't be able to request further action from MREC. -Correct Answer: MREC
received a complaint from Rose, stating that licensee Stan had
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