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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| Maryland State Portion | 30% | - Maryland-Specific Laws and Regulations
- 1. State Real Estate Code
- 2. Agency Laws
- Licensure Requirements
- 1. Continuing Education
- 2. Eligibility Criteria
- Duties and Powers of the Real Estate Commission
- 1. Commission Authority
- 2. Licensing Procedures
|
| National Portion | 80% | - Real Estate Calculations
- Property Ownership
- 1. Real Property
- 2. Personal Property
- 3. Classes of Property
- Leasing and Property Management
- 1. Lease Types
- 2. Management Agreements
- Valuation and Market Analysis
- 1. Appraisal Methods
- 2. Market Analysis
- Financing
- 1. Financial Instruments
- 2. Government Programs
- 3. Types of Loans
- Contracts
- 1. Contract Law
- 2. Types of Contracts
- General Principles of Agency
- 1. Duties and Responsibilities
- 2. Agency Relationships
- Land Use Controls and Regulations
- 1. Government Rights in Land
- 2. Private Controls
- Property Disclosures
- 1. Environmental Issues
- 2. Material Defects
- Transfer of Title
- 1. Title Insurance
- 2. Closing Processes
- 3. Deeds
- Practice of Real Estate
- 1. Fair Housing
- 2. Licensing Laws
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. Which type of antitrust violation involves two or more businesses conspiring against another business?
A) Group boycotting
B) Price fixing
C) Tie-in arrangement
D) Market allocation
2. Which of the following financing types involves the sale of personal property with the real property?
A) Security
B) Wrap-around
C) Package
D) Blanket
3. When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?
A) Agent
B) County clerk
C) Grantee
D) Principal
4. 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) Yes, with 30 days' notice.
D) Only if the property is valued at more than $250,000.
5. Dan is buying Chuck's property, which is listed with Nevin's brokerage. Who are the parties to the exclusive right-to-sell listing agreement?
A) Dan and Chuck
B) Dan, Chuck, and Nevin
C) Dan and Nevin
D) Chuck and Nevin's brokerage
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |