Real Estate Maryland Real Estate Maryland-Real-Estate-Salesperson

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How does the income from property taxes benefit the community?

A) It's used to build new shopping malls.
B) It's used to build high-end housing.
C) It's used to determine property tax increases.
D) It's used to fund essential services and public works.

2. How long does a seller typically have to respond to an offer before the offer expires?

A) 125 days
B) 90 days
C) 30 days
D) 60 days

3. Which of these statements about cooperating with other licensees is true?

A) Licensees must cooperate with other licensees when it is in the interest of their client, and share the commission on a previously agreed-upon basis.
B) Licensees must cooperate with other licensees, even if it is not in their client's best interest.
C) Licensees must compensate other licensees.
D) Licensees must cooperate with and compensate other licensees, even if it's not in their client's best interest.

4. Which agency duties survive termination of an agreement?

A) Confidentiality, loyalty, and accounting
B) Accounting and loyalty
C) Confidentiality and accounting
D) Reasonable skill and care, confidentiality, and loyalty

5. What are PCBs?

A) A substance that grows due to moisture problems
B) A substance resulting from the decay of uranium
C) A chemical compound that occurs naturally in the environment
D) Chemical compounds used in cooling and insulating, mainly in electrical transformers

Solutions: