Maryland Real Estate Exam Questions & ANSWERS(RATED A)
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Course
Maryland Real Estate
Institution
Maryland Real Estate
n Maryland, the Protection of Homeowners in Foreclosure Act describes the role of and sets guidelines for the actions of ______. - ANSWER Foreclosure consultants
Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose license must be displayed in the broker...
Maryland Real Estate Exam Questions &
ANSWERS(RATED A)
n Maryland, the Protection of Homeowners in Foreclosure Act describes the role of and sets guidelines
for the actions of ______. - ANSWER Foreclosure consultants
Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose
license must be displayed in the brokerage office? - ANSWER Only Sandrine's license is required to be
displayed; the salesperson licenses must be retained.
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 - ANSWER As a sub-agent for the seller
The Maryland Code of Ethics is divided into three sections: relations to ______, relations to ______ , and
relations with other ______. - ANSWER the public, clients, and other licensees.
Per Maryland law, all listing agreements must contain a provision for _______ in the agreement by either
the broker or the seller. - ANSWER the early cancellation of
Bridget represents Colin, who's buying Hugh's house. Darcy represents Hugh. Hugh completed and
signed the Residential Property Disclosure/Disclaimer Statement, and Colin reviewed and signed it. Hugh
and Colin also signed the Section 10-702 notice form, and their agents made sure a copy of the form and
the disclosure statement were included in the finalized contract. What's missing from this scenario?
- Only the disclosure statement needs to be included in the final contract.
, - Only the notice form needs to be included in the final contract.
- The buyer and seller don't need to sign the notice form, the licensees do.
- The licensees also need to sign the notice form. - ANSWER The licensees also need to sign the notice
form.
James is a real estate licensee in Maryland. A complaint has been brought against James by the
Commission on Civil Rights for a fair housing violation. Which of the following is true?
- James could be fined, but will definitely keep his license.
- James could be sanctioned by both the Commission on Civil Rights and the real estate commission.
- The Civil Rights Commission could revoke James' real estate license.
- The Commission on Civil Rights cannot bring a civil action against James. - ANSWER James could be
sanctioned by both the Commission on Civil Rights and the real estate commission.
Rhetta received the lead-based paint inspection report for the two-bedroom condo she's purchasing.
The report found evidence of lead-based paint in the living room, dining room, and kitchen. Within the
10-day deadline, Rhetta made sure to send the sellers a copy of the report, an itemization of the hazards,
and guidelines on how the sellers should abate them. What's wrong with this scenario?
- Condos aren't subject to lead-based paint disclosure or abatement law, so Rhetta will have to mitigate
this hazard herself.
- Rhetta only has five days in which to send the sellers this information.
- Rhetta should've included photos of affected areas and the original report, not a copy.
- Rhetta should've sent this information to the condo board, not the sellers, since it's the board's
responsibility to abate the lead hazards. - ANSWER Rhetta only has five days in which to send the sellers
this information.
DeShawn has been licensed as a salesperson in Maryland for 18 months. Which of the following
statements is true about his upcoming license renewal?
- DeShawn must complete 18 hours of continuing education in order to qualify for renewal.
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