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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. A valid deed must contain all of the essential elements, plus which of the following?

A) It must be sent to all parties via registered mail.
B) It must be approved by the local judge.
C) It must be in writing.
D) It must be in nuncupative form.

2. Earnest money is sometimes referred to as a "down payment on the ______."

A) Transfer tax
B) Mortgage insurance
C) Seller's proceeds
D) Down payment

3. What does REO stand for?

A) Real estate-owned
B) Rental equal opportunity
C) Rental equality ownership
D) Real estate office

4. How does the building department ensure that a builder who has obtained a permit builds according to code?

A) The building department sends inspectors to inspect the work.
B) The builder signs an affidavit to that effect.
C) The builder submits a monthly progress report.
D) The builder is required to submit to weekly inspections performed by peers in the industry.

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

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

Solutions: