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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Down the Road Brokerage has an in-house transaction situation and has appointed one of its licensees to represent the buyer client and one to represent the seller client. The two licensees are acting as what type of agents?

A) Both are acting as special agents.
B) The buyer agent is acting as a general agent and the seller agent is acting as an assigned agent.
C) The buyer agent is acting as a special agent and the seller agent is acting as an appointed agent.
D) Both are acting as intra-company agents.

2. In which type of lease does the tenant pay some or all expenses separately?

A) Percentage lease
B) Sublease
C) Net lease
D) Gross lease

3. Cameron had a listing agreement with a client named Ben. Ben got mad at Cameron and said he was terminating the agreement. Can Ben do this?

A) Yes, it's a client's prerogative.
B) Yes, but certain terms of the agreement may still be binding upon Ben.
C) Only if the property is valued at more than $250,000.
D) Yes, with 30 days' notice.

4. Supply and demand determine the competitive environment. Which of the following is a true statement?

A) When there are more homes on the market, buyers can't be picky.
B) When there are more homes on the market, buyers hold the negotiating power.
C) When there are more homes on the market, sellers can demand more for their property.
D) When there are more homes on the market, it drives prices upward.

5. At a business meeting attended by the heads of the top brokerages in town, the keynote speaker discussed a minimum listing fee. What is this?

A) Group boycotting
B) Price fixing
C) Market allocation
D) Tie-in arrangement

Solutions: