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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Maryland State Law and Regulations | - Disciplinary Actions and Enforcement - Property Disclosure Requirements (e.g., defects, lead-based paint) - Agency Disclosure and Representation in Maryland - Advertising and Brokerage Practices - Maryland Real Estate Commission (MREC) Rules and Authority - Trust Accounts and Handling Client Funds - Licensing Requirements and Procedures |
| National Real Estate Principles | - Financing - Real Estate Calculations - Transfer of Title and Closing Procedures - Contracts - Property Ownership and Land Use Controls - Real Estate Practice and Fair Housing - Valuation and Market Analysis - Agency Relationships and Duties |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
What instruments are commonly used to secure the purchase of real property?
- A. Mortgage and promissory note
- B. Mortgage and lease
- C. Deed of trust and promissory note
- D. Mortgage and deed of trust
Correct Answer: A 🗳️
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Which of the following can reimburse the buyer after the sale if a title issue arises?
- A. Lien proceeds
- B. Homeowners insurance
- C. Buyer title insurance
- D. Special deed
Correct Answer: C 🗳️
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How large is an acre?
- A. 5,480 square feet
- B. 43,560 feet
- C. 43,560 square feet
- D. 10,000 square meters
Correct Answer: C 🗳️
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If you take gross income and deduct operating expenses, what do you get?
- A. Net operating income
- B. Potential gross income
- C. Effective gross income
- D. Profit
Correct Answer: A 🗳️
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In the conveyance of real property after death, what takes precedent over any terms specified in the deceased person's will?
- A. Intestate
- B. Operation of law
- C. Nothing
- D. Heirs' wishes
Correct Answer: B 🗳️
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