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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Species habitat, beauty, erosion control, and pollution treatment are all reasons why wetlands are __________.

A) Not regulated
B) Protected
C) Not valuable resources
D) Developed

2. Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.

A) Substituting
B) Bracketing
C) Competition
D) Correlation

3. Why would a buyer want to know whether any additions or alterations were made to a property?

A) So the buyer can determine if permits were pulled
B) So the buyer can remove these items prior to closing
C) So the buyer can use the same contractor for additional additions and alterations
D) So the buyer can decide whether a price reduction is in order

4. Before you sign an exclusive right to sell agreement with a seller, what must you do?

A) Explain the option of the exclusive agency agreement.
B) List the property.
C) Market the property.
D) Provide a pro forma.

5. How should all compensation related to real estate transactions be handled according to real estate law?

A) All compensation must go directly to the salesperson from the seller or buyer.
B) Compensation can be handled privately between agents without broker involvement.
C) Salespeople can receive compensation directly from mortgage brokers or title representatives.
D) Compensation must be channeled through the salesperson's broker.

Solutions: