Real Estate Maryland-Real-Estate-Salesperson Value Pack (Frequently Bought Together)

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

Your client, Bruno, is an investor. He is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. What should you tell him?

A. "Capital gains do not apply to investment properties."
B. "Investors don't pay taxes."
C. "Taxes are required, no matter what you do."
D. "You might consider a 1031 tax-deferred exchange."

Question 2

When assigning a contract, what should the assignor ensure is permitted in the purchase contract?

A. Termination
B. Acceleration
C. Assignability
D. A due-on-sale clause

Question 3

A buyer can submit the earnest-money deposit in the form of _______.

A. A promissory note
B. A post-dated check
C. A personal check
D. Verbal assurance

Question 4

Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?

A. No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.
B. Yes. Agency law prohibits Renae from showing the same property to two buyer clients.
C. Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
D. No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.

Question 5

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

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

Solutions: