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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| National Real Estate Principles | - Transfer of Title and Closing Procedures - Real Estate Practice and Fair Housing - Financing - Property Ownership and Land Use Controls - Valuation and Market Analysis - Contracts - Real Estate Calculations - Agency Relationships and Duties |
| Maryland State Law and Regulations | - Property Disclosure Requirements (e.g., defects, lead-based paint) - Agency Disclosure and Representation in Maryland - Maryland Real Estate Commission (MREC) Rules and Authority - Disciplinary Actions and Enforcement - Advertising and Brokerage Practices - Trust Accounts and Handling Client Funds - Licensing Requirements and Procedures |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Question 1
What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?
A. Estate
B. Personal property
C. Real property
D. Land
Question 2
Which type of antitrust violation involves two or more businesses conspiring against another business?
A. Group boycotting
B. Market allocation
C. Tie-in arrangement
D. Price fixing
Question 3
Maryland real estate licensees should be aware that, in addition to the federally protected classes, the state's fair housing laws also prohibit discrimination based on the protected classes of _______.
A. Smokers, students, and the elderly
B. Gun owners and military status
C. Marital status, sexual orientation, gender identity, and source of income
D. Students, retired persons, and the unemployed
Question 4
What agency enforces fair housing laws in Maryland?
A. The Fair Housing Administration and Enforcement Board
B. The Discriminatory Acts Board
C. The Fair Housing Updates Board
D. The Commission on Civil Rights
Question 5
What does PITI stand for?
A. Property, interest, title, and insurance
B. Principal, insurance, title, and interest
C. Principal, interest, taxes, and insurance
D. Property, insurance, taxes, and interest
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: C |

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