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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Maryland State Portion30%- Licensure Requirements
  • 1. Eligibility Criteria
  • 2. Continuing Education
- Maryland-Specific Laws and Regulations
  • 1. State Real Estate Code
  • 2. Agency Laws
- Duties and Powers of the Real Estate Commission
  • 1. Licensing Procedures
  • 2. Commission Authority
National Portion80%- Financing
  • 1. Types of Loans
  • 2. Government Programs
  • 3. Financial Instruments
- Contracts
  • 1. Contract Law
  • 2. Types of Contracts
- Real Estate Calculations
  • 1. Mathematical Concepts
- Land Use Controls and Regulations
  • 1. Government Rights in Land
  • 2. Private Controls
- Leasing and Property Management
  • 1. Management Agreements
  • 2. Lease Types
- Property Disclosures
  • 1. Environmental Issues
  • 2. Material Defects
- General Principles of Agency
  • 1. Duties and Responsibilities
  • 2. Agency Relationships
- Valuation and Market Analysis
  • 1. Market Analysis
  • 2. Appraisal Methods
- Property Ownership
  • 1. Real Property
  • 2. Classes of Property
  • 3. Personal Property
- Practice of Real Estate
  • 1. Fair Housing
  • 2. Licensing Laws
- Transfer of Title
  • 1. Closing Processes
  • 2. Title Insurance
  • 3. Deeds

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Fritz is buying Guy's property, which is listed with broker Sara. Who are the parties to the listing agreement?

  • A. Guy and Sara
  • B. Fritz and Sara
  • C. Fritz and Guy
  • D. Fritz, Guy, and Sara
Answer: A

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Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

  • A. Transfer tax
  • B. Insurance expenses
  • C. Depreciation
  • D. Taxable gains
Answer: C

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Radon has natural origins and is a colorless, odorless, radioactive gas that's released when ______ decays.

  • A. Radonite
  • B. Kryptonite
  • C. Lead
  • D. Uranium
Answer: D

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To calculate the sales price before commission, which formula should you use if you know the sales price after commission and the commission rate?

  • A. (Net amount + mortgage or other expenses) ÷ (100% - commission rate)
  • B. Sales price ÷ (100% - commission rate)
  • C. Sales price × (100% - commission rate)
  • D. Sales price - (100% - commission rate)
Answer: C

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Which of the following is a material fact that must be disclosed to prospective buyers?

  • A. A house has had more than ten owners.
  • B. A previous owner had HIV.
  • C. A lead-based paint disclosure must be included since the home was built in 1957.
  • D. A previous homeowner had Ebola.
Answer: C

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