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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Once signed, the listing agreement is a legally binding contract between

A) The buyer and seller
B) The buyer's agent and seller
C) The seller and lender
D) The listing broker and seller

2. What's a foreclosure?

A) The forced sale of a property due to the borrower defaulting on the mortgage loan
B) A sale that fails to receive a high enough bid at auction and then falls to the bank's ownership
C) A property sale that occurs in less than one week
D) The sale of a property when the market value of the home is less than what is owed, plus closing cost

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

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

4. Under which type of buyer agency agreement does a buyer reserve the right to self-represent?

A) Open agency
B) Exclusive right to represent
C) Personal agency
D) Exclusive agency

5. Which photograph of a home for sale should not be published for public viewing?

A) A wide-angle photo of the renovated kitchen that makes the area look larger than it really is
B) An exterior photo showcasing the pool and outdoor kitchen/bar area
C) A photo of the billiards room that reveals the owner's collection of antique guns
D) A photo of the master bathroom that also shows the photographer's arm reflected in the mirror

Solutions: