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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. At the end of this month, Evy will have been paying rent on her ground lease for 15 years. She's decided to give 30 days' notice to the landowner that she plans to buy out the lease. What type of ground lease does Evy have?

A) Regular ground lease
B) Irredeemable ground lease
C) Redeemable ground lease
D) Irregular ground lease

2. Which of the following is a material fact that must be disclosed to prospective buyers?

A) A lead-based paint disclosure must be included since the home was built in 1957.
B) A previous owner had HIV.
C) A house has had more than ten owners.
D) A previous homeowner had Ebola.

3. Plat of Block 28, Woodmen Heights Tract, recorded in Map Book 27, page 68, at the Elder County Records Office is an example of which essential element of a deed?

A) Legal description
B) Granting clause
C) Consideration
D) Habendum clause

4. Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

A) The buyer
B) The title insurance company
C) The seller
D) The lender

5. Complete this formula: Net to seller = ______

A) Commission rate
B) Market value
C) Closing costs
D) (100% - commission rate)
E) Sales price

Solutions: