Maryland real estate exam - Study guides, Class notes & Summaries

Maryland Real Estate Exam Prep with 80 Questions and Answers Already Passed Who appoints members to the Maryland real estate commission? A. The State Senate B. The house of Delegates C. The executive director of the Commission D. The governor of Maryland Answer: The governor of Maryland Which of the following is true concerning the Maryland Real Estate Commission? A. Its members are representative brokers from real estate boards or associations through Maryland B. It has 5 ...

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 - ANSWER b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 - ANSWER a. January 2, 2016 When prospective purchasers first arrive at ...

Nancy, a broker in Annapolis, is going over the listing agreement with her new client, Josie, who asks, "What if I need to cancel the agreement early?" What should Nancy tell her? 1. "I'm always flexible. If we need to, we'll add an amendment to the agreement granting you permission to cancel early." 2. "Listing agreements in Maryland must be for a definite amount of time. If it would make you more comfortable, we can set the expiration date for one month, then have it 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 age...

Maryland Real Estate (Law) Practice Exam Questions & Answers Verified 100% Correct!!

Maryland Real Estate Exam Verified Answers "7½ percent annual percentage rate" ️Which phrase, when placed in a print advertisement, would MOST nearly comply with the requirements of the Truth in Lending Act (Regulation Z)? $1,074 ️The current taxes are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is the approximate tax proration that will be charged to the seller based on a 360-day year? $1,698 ️The commission on the sale of a house is $4,410, ...

MARYLAND REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS RATED A+ Which of the following does NOT end presumed buyer representation? The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? no Dual agency is permitted only in brokerage firms consisting of three or more licensee true in maryland In which of the following situations does an act of real estate brokerage require a real estate brokerage license? A person charg...

MARYLAND REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS 100% PASS Which of the following does NOT end presumed buyer representation? The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? no Dual agency is permitted only in brokerage firms consisting of three or more licensee true in maryland In which of the following situations does an act of real estate brokerage require a real estate brokerage license? A person char...

Maryland Real Estate (Law) Practice Exam Verified Solutions Associate Broker John Buonasera, known as Mr. B. has published a flier to attract business. This is the entire ad: Come to me, Mr. B. for all your real estate needs: Buying, Selling, or Renting. Use my services and you will be pleased. Results guaranteed! I charge 2% less than most other REALTORS for my excellent service. My personal assistants and I are available to you 24/7 to answer your real estate questions and meet your ...

Maryland Real Estate Exam Questions With Verified Answers