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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion | 80% | - Financing
|
| Maryland State Portion | 30% | - Maryland-Specific Laws and Regulations
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Question #1
Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations?
A. Antitrust
B. Agency law
C. License law
D. Fair housing
Question #2
Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?
A. Percentage lease
B. Operating stop lease
C. Gross lease
D. Triple net lease
Question #3
How do you decide which party you represent in a transaction?
A. It's based on priority. A seller's duties come before a buyer's duties.
B. It's based on the express written agreement between you and the party whom you represent.
C. It's based on the implied agreement between you and the party whom you represent.
D. It's based on compensation. If the seller is paying you, you work for the seller.
Question #4
What, when signed by all parties to a sales contract, changes the original terms of the contract?
A. Appurtenance
B. Addendum
C. Amendment
D. Annexation
Question #5
Once signed, the listing agreement is a legally binding contract between
A. The buyer and seller
B. The seller and lender
C. The buyer's agent and seller
D. The listing broker and seller
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: D | Question #3 Correct Answer: B | Question #4 Correct Answer: C | Question #5 Correct Answer: D |
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