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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. The courts use three primary tests to determine whether something is personal property or real property. What are the names of the three tests?

A) Method of reimbursement, agreement, and adaptation
B) Method of attachment, agreement, and accessory
C) Method of attachment, agreement, and adaptation
D) Method of attachment, acknowledgement and adaptation

2. Which statement best represents how dual agency is impacted by teams in Maryland?

A) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.
B) The dual agent may be part of the same team as the ICAs.
C) Dual agency isn't allowed within real estate teams.
D) The broker may serve as an ICA along with a team member.

3. What type of license will you receive if you have a supervising broker at the time of application?

A) Active license
B) Broker's license
C) Firm license
D) Inactive license

4. If you take gross income and deduct operating expenses, what do you get?

A) Effective gross income
B) Profit
C) Potential gross income
D) Net operating income

5. What entity enforces the Maryland Code of Ethics?

A) COMAR
B) The Maryland Real Estate Commission
C) The Maryland Association of Real Estate Ethics
D) REALTOR associations

Solutions: