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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. To effect a transfer of title by deed, ______ must occur.

A) Deed review
B) Delivery and acceptance
C) Judicial validation
D) Exchange of money

2. In what type of lease does the landlord pay taxes, maintenance, and insurance?

A) Gross lease
B) Net lease
C) Percentage lease
D) Triple net lease

3. In order for an owner-occupant of a building with rental units to reject applicants based on sex, marital status, gender identity, and/or sexual orientation, they must not own more than how many rental units in a building?

A) Four
B) Three
C) Five
D) Two

4. Jillian has a loan-to-value ratio of 90/100. This means-

A) The property is only worth 90% of the amount loaned.
B) She is putting 10% down, with 90% being pulled from her IRA.
C) Her loan is 10% of the value of the real estate used as collateral and she is obtaining a second mortgage for 90%.
D) Her loan is 90% of the value of the real estate used as collateral and she is putting 10% down.

5. Which agency duties survive termination of an agreement?

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

Solutions: