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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How do you decide which party you represent in a transaction?

A) It's based on the implied agreement between you and the party whom you represent.
B) It's based on compensation. If the seller is paying you, you work for the seller.
C) It's based on priority. A seller's duties come before a buyer's duties.
D) It's based on the express written agreement between you and the party whom you represent.

2. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Negative amortization
B) Pledged account
C) Growing equity
D) Blanket

3. The power of the state to claim property when the owner dies without a will and without locatable heirs or creditors is also known as ______.

A) Taking
B) Escheat
C) Life estate
D) Eminent domain

4. What do you call the person or entity that oversees trust or escrow money?

A) Mortgage agent
B) Escrow master
C) Escrow agent
D) Special agent

5. In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?

A) A universal agent
B) A special agent
C) A designated agent
D) A general agent

Solutions: