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

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

Maryland Real Estate Law Practice Test Bonding requirement for real estate sales people and brokers in Md ️no bond required for salespeople and/or brokers circuit court clerk ️where deeds and mortgages may be recorded in each county company's escrow account ️where all funds received by a salesperson for the account of others must be deposited by the broker court penalty for acting as a broker ️a fine of not more than $5,000 and/or imprisonment for not more than one year earne...

Maine Law Real Estate TRELG Q&A VERIFIED True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False - ANSWER A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement with the brokerage ag...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement w...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement w...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement w...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement w...

True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False - ANSWERA. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement with the brokerage agencyB. When the client encounters a situation th...

MOCK PREP- Real Estate (Multiple Choice) Questions and Answers Rated 100% Correct Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction *ANS* b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market comparison approach d. gross rent multiplier *AN...

personal property - maryland license law construes a lessee's interest under the terms of a lease bonding requirement for real estate sales people and brokers in Md - no bond required for salespeople and/or brokers the act of steering or blockbusting is - illegal in the state if md company's escrow account - where all funds received by a salesperson for the account of others must be deposited by the broker md real estate commission consists of - appointed members from the real estate ind...