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Ce shop Maryland State Exam Review updated already passed
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Ce shop Maryland State Exam Review updated already passed
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Ce shop Maryland State Exam ReviewWhat information about the Guaranty Fund must be included in every Maryland sales contract? - correct
answer ✔✔Notice to the buyer of the Guaranty Fund's protection up to $50,000
A Maryland salesperson included a personal phone number on an ad. What other piece of information must also be included on the ad? - correct answer ✔✔Broker's office phone number
In Maryland, transaction records may be stored electronically as long as ______. - correct answer ✔✔Licensees are able to provide a paper copy upon commission request
The Maryland Real Estate Commission may discipline brokers who do not reasonably and adequately supervise their affiliated licensees. Which of the following does the commission NOT consider in determining whether supervision was reasonable and adequate? - correct answer ✔✔The number of mandatory work hours expected of independent contractors
Failure to present an offer or counter offer is a cause for? - correct answer ✔✔Disciplinary action a lawsuit could be placed against this person
Who may act as a dual agent? - correct answer ✔✔ONLY BROKERS
Whose responsibility is it to ensure that a prospective buyer receives a copy of the Maryland Residential Property Disclosure and Disclaimer Statement prior to the buyer making a written offer to the seller? - correct answer ✔✔Buyers broker and seller broker
Roger Kelly is signing a listing contract with a client. Which of the following is an acceptable signature on the document? - correct answer ✔✔"Roger Kelly"
What is the goal of the Maryland Real Estate Commission in declaring an area a real estate conservation area? - correct answer ✔✔-To curb threats to the racial stability of an area.
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