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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

What happens when a married couple who owns a property as tenants by the entirety divorce?

A. They become joint tenants with right of survivorship.
B. The one who records title first gets the property.
C. Their ownership rights terminate.
D. Their ownership changes to tenants in common.

Question 2

Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

A. The title insurance company
B. The seller
C. The buyer
D. The lender

Question 3

In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?

A. A designated agent
B. A special agent
C. A universal agent
D. A general agent

Question 4

What happens when personal property is attached to real property?

A. It becomes a fixture.
B. It's considered detached property.
C. It's classified as emblements.
D. It remains personal property.

Question 5

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

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

Solutions: