Real Estate Maryland-Real-Estate-Salesperson : Maryland Real Estate Salesperson Examination

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which act gives companies the right to sue a competitor for making deceptive ad claims?

A) The Truth in Advertising Act
B) The Lanham Act
C) The Privacy Act
D) The Gramm-Leach-Bliley Act

2. A buyer representation agreement is similar to which document used when representing a seller?

A) A consumer notice
B) A listing agreement
C) A seller disclosure
D) A seller's net sheet

3. When preparing the sales contract, when is it acceptable for a licensee who is not an attorney to offer legal advice to the client?

A) When determining the amount of the purchase offer
B) When discussing the amount of earnest money to place as a down payment
C) Never
D) When covering the options for terms and contingencies

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

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

5. Where can you find out what's not covered by a title insurance policy?

A) The internet
B) The lender's attorney
C) The title insurance policy's schedule of exceptions
D) The county clerk's office

Solutions: