Maryland real estat - Study guides, Class notes & Summaries

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 - 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 - a. January 2, 2016 When prospective purchasers first arrive at a brokerage office to...

Maryland real estate license law is administered by the 1. Maryland Council on Housing Matters. 2. Maryland Real Estate Commission. 3. Maryland Association of REALTORS®. 4. Department of Housing and Urban Development (HUD). - ANSWER Maryland Real Estate Commission. All of the following statements are true regarding a vacancy or term of a commissioner EXCEPT that the 1. length of service for each term that a commissioner serves is four years. 2. terms of the Commission members ar...

1. Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion. B. riparian theory. C. littoral theory. D. the doctrine of prior appropriation. - ANSWER D 2. The right to control one's property includes all of the following EXCEPT: A. the right to invite people on the property for a political fund-raiser. B. the right to exclude the utilities meter rea...

Maryland Real Estate (Law) Questions and Answers Already Passed Licensed sales persons may represent: a. any owner who directly employs them b. not more than one owner at one time c. only a broker with whom they are affiliated d. any broker who is duly licensed, at any time c. only a broker with whom they are affiliated The license certificate issued to a salesperson must be: a. carried by the salesperson at all times b. displayed by the broker in his or her place of business ...

Maryland Real Estate Exam Questions and Answers 100% Pass 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 se...

Maryland Real Estate Exam Questions and Answers Already Passed In Maryland, the Protection of Homeowners in Foreclosure Act describes the role of and sets guidelines for the actions of ______. Foreclosure consultants Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose license must be displayed in the brokerage office? Only Sandrine's license is required to be displayed; the salesperson licenses must be retained. Cheyenne has been working...

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 ...

Maryland Real Estate (Law) Practice Exam Questions with Certified Solutions 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 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 a. ...

Categories of real property (5) - ANSWER (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose Factors that affect supply - ANSWER Labor force, construction costs, and material costsa; government controls, and financial policies; local Government factors Factors that affect demand - ANSWER Population, demographics, employment and wage levels. Nonconforming use - ANSWER A use of property that is permitted to continue after an amendment of zoning ordinance...