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MD Real Estate License Exam | Questions and 100% Correct Answers
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MD Real Estate License Exam | Questions and 100% Correct Answers
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MD Real Estate License Exam | Questions and100% Correct Answers
Fatima isn't permitted to act as a dual agent. - ✔✔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 - ✔✔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. -
✔✔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. - ✔✔MREC
received a complaint from Rose, stating that licensee Stan had placed a sign on her
property without her permission. As a result, she received a $250 fine from her
homeowners association for illegal signage. MREC notified Stan and his broker about the
complaint, and Stan's broker responded by sending a copy of an email from Rose,
stating that the firm could have a sign installed. As a result, the hearing panel dismissed
the claim. What can Rose do now?
-She can wait six months and then file another claim.
,-She can appeal the hearing panel's decision.
-She can seek damages, including emotional distress and attorney's fees, from the
Guaranty Fund.
-She is out of luck and won't be able to request further action from MREC.
Make note of the seller's refusal on the agency disclosure, being sure to include the date
when you presented it to the person. - ✔✔You are the buyer's agent and are meeting
with the unrepresented seller for the first time. You present the seller with the
Understanding Whom Real Estate Agents Represent form and explain that you
represent the buyer. You then ask the seller to acknowledge receipt of the agency
disclosure, but the seller refuses to sign the form. What do you do?
-Make note of the seller's refusal on the agency disclosure, being sure to include the
date when you presented it to the person.
-Tell the seller that they are required by law to sign the form.
-Explain to the seller that unless the disclosure is acknowledged, the transaction cannot
continue.
-Throw up your hands in disgust and storm out of the room.
Her former broker returns them to the commission. - ✔✔When Janet, a licensed
salesperson, transfers to a new brokerage, what happens to her license and pocket
card?
-Her former broker gives them to Janet to provide to her new broker.
, -Her former broker destroys them.
-Her former broker returns them to the commission.
-Her former broker gives them to the new broker.
Five days - ✔✔Charlie and her girlfriend, Frankie, are buying a house together. Having
found the perfect home, they made an offer without first having seen the seller's
property disclosure/disclaimer statement. The statement arrived two days after they
entered into the contract with the seller. How many days do Charlie and her girlfriend
have to rescind their offer if they find something in the disclosure that makes them
uncertain about the property?
-Three days
-Five days
-Seven days
-Ten days
None are required to be displayed. - ✔✔Maryland broker Sandrine has five
salespersons working under her supervision. Whose license must be displayed in the
brokerage office?
-Only the licenses of the five salespersons must be displayed.
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