What information about the Guaranty Fund must be included in every Maryland sales contract? - ANSWER Notice to the buyer of the Guaranty Fund's protection up to $50,000
A Maryland salesperson included a personal phone number on an ad. What other piece of information must also be included on the ...
Ce shop Maryland State Exam Review
CORRECT 100%
What information about the Guaranty Fund must be included in every Maryland sales contract? -
ANSWER Notice to the buyer of the Guaranty Fund's protection up to $50,000
A Maryland salesperson included a personal phone number on an ad. What other piece of information
must also be included on the ad? - ANSWER Broker's office phone number
In Maryland, transaction records may be stored electronically as long as ______. - ANSWER Licensees are
able to provide a paper copy upon commission request
The Maryland Real Estate Commission may discipline brokers who do not reasonably and adequately
supervise their affiliated licensees. Which of the following does the commission NOT consider in
determining whether supervision was reasonable and adequate? - ANSWER The number of mandatory
work hours expected of independent contractors
Failure to present an offer or counter offer is a cause for? - ANSWER Disciplinary action
a lawsuit could be placed against this person
Who may act as a dual agent? - ANSWER ONLY BROKERS
Whose responsibility is it to ensure that a prospective buyer receives a copy of the Maryland Residential
Property Disclosure and Disclaimer Statement prior to the buyer making a written offer to the seller? -
ANSWER Buyers broker and seller broker
Roger Kelly is signing a listing contract with a client. Which of the following is an acceptable signature on
the document? - ANSWER "Roger Kelly"
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