Real Estate Maryland Real Estate Salesperson Examination - Maryland-Real-Estate-Salesperson Exam Practice Test
In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as ______, where certain factors may be given more weight.
Correct Answer: A
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Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?
Correct Answer: D
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What is self-dealing?
Correct Answer: B
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Kerry is a real estate licensee who has committed an ethical violation. Which of the following is a true statement about her potential penalties?
Correct Answer: D
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What responsibility do licensees have regarding household lead hazards?
Correct Answer: B
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Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?
Correct Answer: C
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Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of ______ agency.
Correct Answer: C
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What type of agency exists because of the actions and behavior of the parties?
Correct Answer: B
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What type of ownership do most corporations use to hold real property?
Correct Answer: C
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