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MARYLAND REAL ESTATE
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MARYLAND REAL ESTATE
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MARYLAND REAL ESTATE EXAM TEST BANK LATEST
UPDATE THIS YEAR ALL 500 QUESTIONS AND
CORRECT ANSWERS
CONTENTS
Maryland Real Estate (Law) Exam 1 -ACTUAL
Maryland Real Estate ACTUAL EXAM 1
Maryland Real Estate Exam -ACTUAL EXAM 2 WITH STUDY GUIDE
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Maryland Real Estate (Law) Exam 1 -ACTUAL
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
Question: Who issues Maryland real estate salesperson and brokers licenses?
a. local Board of REALTORS
b. providers of required real estate courses when applicants pass them
c. the Maryland Association of REALTORS
d. the Real Estate Commission - CORRECT ANSWER✔✔d. the Real Estate Commission
Question: What body sets ethical standards that must be observed by all Maryland real estate
licensees?
a. National Association of REALTORS
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b. State Real Estate Commission
c. Maryland Association of REALTORS
d. local boards and associations - CORRECT ANSWER✔✔b. State Real Estate Commission
Question: When a partnership owns a real estate brokerage firm, which statement is FALSE?
a. the broker is responsible for the real estate brokerage activities of the partnership
b. the broker must be one of the partners
c. the broker must be designated by the partnership as its broker of record
d. the broker must have a contractual or employment agreement with the partnership -
CORRECT ANSWER✔✔c. the broker must be designated by the partnership as its broker of
record
Question: When builders sell houses they have built and own, which of the following is TRUE?
a. they need not hold real estate licenses
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b. they must be licensed if they sell more than six per calendar year
c. they must be licensed brokers
d. they may be licensed as salespersons but not affiliated with brokers - CORRECT
ANSWER✔✔a. they need not hold real estate licenses
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?
a. January 2, 2016
b. September 2, 2016
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