MARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a)COMPLETE EXAM BUNDLEMARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a)COMPLETE EXAM BUNDLEMARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a)COMPLETE EXAM BUNDLEMARYLAND REAL ESTATE EXAM PRE...
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Which of the following does NOT end presumed buyer representation? - ANSWER The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - ANSWER no Dual agency is permitted only in brokerage firms consisting of three or more licensee ...
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Add to cartWhich of the following does NOT end presumed buyer representation? - ANSWER The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - ANSWER no Dual agency is permitted only in brokerage firms consisting of three or more licensee ...
Who appoints members to the Maryland real estate commission? A. The State Senate B. The house of Delegates C. The executive director of the Commission D. The governor of Maryland - ANSWER Answer: The governor of Maryland Which of the following is true concerning the Maryland Real Estate Co...
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Add to cartWho appoints members to the Maryland real estate commission? A. The State Senate B. The house of Delegates C. The executive director of the Commission D. The governor of Maryland - ANSWER Answer: The governor of Maryland Which of the following is true concerning the Maryland Real Estate Co...
Maryland real estate license law is administered by the - ANSWER Maryland Real Estate Commission How are members of the Real Estate Commission selected? - ANSWER By the Governor, with the advice and consent of the state senate and the advice of the Secretary of Labor, Licensing, and Regulation. ...
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Add to cartMaryland real estate license law is administered by the - ANSWER Maryland Real Estate Commission How are members of the Real Estate Commission selected? - ANSWER By the Governor, with the advice and consent of the state senate and the advice of the Secretary of Labor, Licensing, and Regulation. ...
Appoints members of Maryland Real Estate Commission MREC created by? - ANSWER Governor license law How is executive director of commission chosen? - ANSWER Appointed by secretary of labor, licensing, and regulation Minimum level of guaranty fund Initial fee? - ANSWER 250,000 $20 Marylan...
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Add to cartAppoints members of Maryland Real Estate Commission MREC created by? - ANSWER Governor license law How is executive director of commission chosen? - ANSWER Appointed by secretary of labor, licensing, and regulation Minimum level of guaranty fund Initial fee? - ANSWER 250,000 $20 Marylan...
1. Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion. B. riparian theory. C. littoral theory. D. the doctrine of prior appropriation. - ANSWER D 2. The...
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Add to cart1. Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion. B. riparian theory. C. littoral theory. D. the doctrine of prior appropriation. - ANSWER D 2. The...
When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement - ANSWER b. no one If a salesperson license is issu...
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Add to cartWhen a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement - ANSWER b. no one If a salesperson license is issu...
Inactive Status - ANSWER associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license - ANSWER expires 3 years from the date it was plac...
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Add to cartInactive Status - ANSWER associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license - ANSWER expires 3 years from the date it was plac...
How many people serve on the Maryland Real Estate Commission? - ANSWER Nine Who serves on the Maryland Real Estate Commission? - ANSWER Five real estate licensees with at least 10 years' experience each, and four non-licensee consumers Who appoints the members of the Maryland Real Estate Co...
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Add to cartHow many people serve on the Maryland Real Estate Commission? - ANSWER Nine Who serves on the Maryland Real Estate Commission? - ANSWER Five real estate licensees with at least 10 years' experience each, and four non-licensee consumers Who appoints the members of the Maryland Real Estate Co...
n Maryland, the Protection of Homeowners in Foreclosure Act describes the role of and sets guidelines for the actions of ______. - ANSWER Foreclosure consultants Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose license must be displayed in the brokera...
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Add to cartn Maryland, the Protection of Homeowners in Foreclosure Act describes the role of and sets guidelines for the actions of ______. - ANSWER Foreclosure consultants Maryland sponsoring broker Sandrine has five salespersons working under her supervision. Whose license must be displayed in the brokera...
Licensee Commissioner Must be licensed for at least - ANSWER 10 YEARS Area Representative of the Real Estate Commission must have - ANSWER Lived in area for 5 YEARS Commission must provide a copy of the Code of Ethics to each licensee on the website every - ANSWER 2 YEARS
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Add to cartLicensee Commissioner Must be licensed for at least - ANSWER 10 YEARS Area Representative of the Real Estate Commission must have - ANSWER Lived in area for 5 YEARS Commission must provide a copy of the Code of Ethics to each licensee on the website every - ANSWER 2 YEARS
Categories of real property (5) - ANSWER (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose Factors that affect supply - ANSWER Labor force, construction costs, and material costsa; government controls, and financial policies; local Government factors Factor...
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Add to cartCategories of real property (5) - ANSWER (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose Factors that affect supply - ANSWER Labor force, construction costs, and material costsa; government controls, and financial policies; local Government factors Factor...
The Maryland Real Estate Brokers Act - ANSWER a law designed to protect the public interest. it is title chapter 17 in the Business Occupations and Professions article Annotated Code of Maryland. Also known as title 17. enacted by the legislative branch of the Maryland government: General Assembly, ...
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Add to cartThe Maryland Real Estate Brokers Act - ANSWER a law designed to protect the public interest. it is title chapter 17 in the Business Occupations and Professions article Annotated Code of Maryland. Also known as title 17. enacted by the legislative branch of the Maryland government: General Assembly, ...
Maryland real estate license law is administered by the 1. Maryland Council on Housing Matters. 2. Maryland Real Estate Commission. 3. Maryland Association of REALTORS®. 4. Department of Housing and Urban Development (HUD). - ANSWER Maryland Real Estate Commission. All of the following ...
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Add to cartMaryland real estate license law is administered by the 1. Maryland Council on Housing Matters. 2. Maryland Real Estate Commission. 3. Maryland Association of REALTORS®. 4. Department of Housing and Urban Development (HUD). - ANSWER Maryland Real Estate Commission. All of the following ...
Price tends to fall - ANSWER When demand for a commodity decreases and supply remains the same. A property manager - ANSWER When responsible for maintaining a client's property and maximizing return on the client's investment, a broker is serving as Known paint hazards must be disclosed ...
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Add to cartPrice tends to fall - ANSWER When demand for a commodity decreases and supply remains the same. A property manager - ANSWER When responsible for maintaining a client's property and maximizing return on the client's investment, a broker is serving as Known paint hazards must be disclosed ...
Nancy, a broker in Annapolis, is going over the listing agreement with her new client, Josie, who asks, "What if I need to cancel the agreement early?" What should Nancy tell her? 1. "I'm always flexible. If we need to, we'll add an amendment to the agreement granting you permission...
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Add to cartNancy, a broker in Annapolis, is going over the listing agreement with her new client, Josie, who asks, "What if I need to cancel the agreement early?" What should Nancy tell her? 1. "I'm always flexible. If we need to, we'll add an amendment to the agreement granting you permission...
What type of agency exists because a written or oral agreement is in place? - ANSWER Express Agency Which of the following is a right included with real property? - ANSWER Exclusion Ways to minimize computer risks include avoiding public networks, unsecure sites, and ______ sites. - ANSWER Sus...
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Add to cartWhat type of agency exists because a written or oral agreement is in place? - ANSWER Express Agency Which of the following is a right included with real property? - ANSWER Exclusion Ways to minimize computer risks include avoiding public networks, unsecure sites, and ______ sites. - ANSWER Sus...
personal property - ANSWER maryland license law construes a lessee's interest under the terms of a lease bonding requirement for real estate sales people and brokers in Md - ANSWER no bond required for salespeople and/or brokers the act of steering or blockbusting is - ANSWER illegal in the...
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Add to cartpersonal property - ANSWER maryland license law construes a lessee's interest under the terms of a lease bonding requirement for real estate sales people and brokers in Md - ANSWER no bond required for salespeople and/or brokers the act of steering or blockbusting is - ANSWER illegal in the...
Licenses salespersons may represent - ANSWER only brokers under whom they are licensed License certificates issues for salespersons MUST be - ANSWER displayed by their brokers in their brokerage office Brokers need NOT notify the Commission when - ANSWER changes occur in commission sharing
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Add to cartLicenses salespersons may represent - ANSWER only brokers under whom they are licensed License certificates issues for salespersons MUST be - ANSWER displayed by their brokers in their brokerage office Brokers need NOT notify the Commission when - ANSWER changes occur in commission sharing
order to qualify as one of the four appointed consumer members of the Maryland Real Estate Commission, how many years of experience must you have as a real estate licensee? A) 10 B) Five C) Seven D) Zero - ANSWER D) Zero Artie, a real estate licensee, is a convicted felon, and although he s...
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Add to cartorder to qualify as one of the four appointed consumer members of the Maryland Real Estate Commission, how many years of experience must you have as a real estate licensee? A) 10 B) Five C) Seven D) Zero - ANSWER D) Zero Artie, a real estate licensee, is a convicted felon, and although he s...
The buyer must work exclusively with the broker during the term of the agreement. - ANSWER Which of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreement? -The buyer must work exclusively with the broker during the term of the agreement...
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Add to cartThe buyer must work exclusively with the broker during the term of the agreement. - ANSWER Which of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreement? -The buyer must work exclusively with the broker during the term of the agreement...
A person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenan...
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Add to cartA person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenan...
When a salesperson, whose license has not been renewed, negotiates a sale of real property, who is the commission payable to ? - ANSWER No one When prospective purchasers first arrive at a brokerage office to find a house to buy, how does the brokers act require them or be treated ? - ANSWER As c...
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Add to cartWhen a salesperson, whose license has not been renewed, negotiates a sale of real property, who is the commission payable to ? - ANSWER No one When prospective purchasers first arrive at a brokerage office to find a house to buy, how does the brokers act require them or be treated ? - ANSWER As c...
Usury MOST nearly means - ANSWER A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as l...
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Add to cartUsury MOST nearly means - ANSWER A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as l...
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