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MARYLAND REAL ESTATE (LAW) PRACTICE EXAM VERSION 1 AND 2 WITH EXAM GUIDE LATEST THIS YEAR COMPLETE 300 QUESTIONS & ANSWERS VERIFIED BY EXPPERTS$14.49
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MARYLAND REAL ESTATE (LAW) PRACTICE EXAM
VERSION 1 AND 2 WITH EXAM GUIDE LATEST THIS YEAR
COMPLETE 300 QUESTIONS & ANSWERS VERIFIED BY
EXPPERTS
MARYLAND REAL ESTATE VERSION 1
Question: When a salesperson whose license has not been renewed negotiates a
sale of real property, who is the commission payable to?
a. the broker only
b. no one
c. the salesperson only
d. the broker and the salesperson according to prior agreement - CORRECT
ANSWER✔✔b. no one
Question: If a salesperson license is issued on January 2, 2016, when will it
expire?
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a. January 2, 2016
b. September 2, 2016
c. April 1, 2016
d. March 31, 2016 - CORRECT ANSWER✔✔a. January 2, 2016
Question: When prospective purchasers first arrive at a brokerage office to find a
house to buy, how does the Brokers Act require them to be treated?
a. as customers
b. as clients
c. as agents
d. as factors - CORRECT ANSWER✔✔b. as clients
Question: Which of the following is TRUE of salespersons' real estate licenses?
a. they must be placed and kept in a safe place chosen by the salespersons
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b. they are to be carried by the salespersons when performing acts of real estate
brokerage
c. they must be retained in their broker's offices
d. they must be maintained in personnel files by their brokers - CORRECT
ANSWER✔✔c. they must be retained in their broker's offices
Question: What is the maximum amount that a claimant may receive from the
Guaranty Fund on losses from one transaction?
a. an unlimited amount
b. $250,000
c. $50,000
d. $25,000 - CORRECT ANSWER✔✔c. $50,000
Question: Under the Junk Fax Prevention Act, which of the following is TRUE of
persons who send faxes?
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a. they need not provide a way for the recipients to opt out of getting more faxes
b. they may use recipient addresses they receive from a fax-spamming company
c. they may send faxes only between 9:00 am and 5:00 pm
d. they must have an established business relationship with the recipients -
CORRECT ANSWER✔✔d. they must have an established business relationship with
the recipients
Question: Who may be members of the State Real Estate Commission?
a. only licensed salespersons
b. only licensed brokers
c. unlicensed persons and licensed brokers and salespersons
d. persons appointed by the Attorney General - CORRECT ANSWER✔✔c.
unlicensed persons and licensed brokers and salespersons
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