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

MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ . Terms like: Which is TRUE of employees of the Commission? - Answer: They include an executive director and field inspectors cooperating agents - Answer: -A cooperating agent who brings in a buyer has fiduciary duties to the seller/owner - Cooperating agents can represent the buyer -Cooperating agents are sub-agents of the listing broker After getting a license, how often must you take Continuing Education classes? - Answer: ...

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 members C. It has 4 professional and 5 consumer members D. 3 out of its members are not...

MARYLAND REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS

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 charges a modest consulting fee to guide his friend in the sale of 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 charges a modest consulting fee to guide his friend in the sale of a ...

Which of the following does NOT end presumed buyer representation? - correct answer The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - correct answer no Dual agency is permitted only in brokerage firms consisting of three or more licensee - correct answer true in maryland In which of the following situations does an act of real estate brokerage require a real estate brokerage license? - correct answer A person charge...

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 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 members C. It has 4 professional and 5 consumer members D. 3 out of its m...

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...

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 charges a modest consulting fee to guide his friend in the sale of a ...

cost of capitalization in lettering no smaller than the lettering used for the price Which of the following does NOT end presumed buyer representation? - Answer The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - Answer no Dual agency is permitted only in brokerage firms consisting of three or more licensee - Answer true in maryland In which of the following situations does an act of real estate brokerage require a r...