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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following is an action that real estate licensees may take without practicing law illegally?

A) Interpret legal consequences of specific actions.
B) Write addenda that cover unfamiliar or unusual circumstances.
C) Use existing forms that an attorney has reviewed.
D) Create their own real estate forms.

2. To effect a transfer of title by deed, ______ must occur.

A) Deed review
B) Exchange of money
C) Judicial validation
D) Delivery and acceptance

3. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Negative amortization
B) Growing equity
C) Pledged account
D) Blanket

4. Before you sign an exclusive right to sell agreement with a seller, what must you do?

A) Provide a pro forma.
B) List the property.
C) Explain the option of the exclusive agency agreement.
D) Market the property.

5. Which one of these describes a deed?

A) Promissory note
B) Abstract of title
C) Ownership document
D) Recording fee

Solutions: