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MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ . $7.99   Add to cart

Exam (elaborations)

MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ .

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  • MARYLAND REAL ESTATE
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  • MARYLAND REAL ESTATE

MARYLAND REAL ESTATE EXAM PREP/40+ Qs with Certified Ans/ . Terms like: Which is TRUE of employees of the Commission? - Answer: They include an executive director and field inspectors cooperating agents - Answer: -A cooperating agent who brings in a buyer has fiduciary duties to the seller/o...

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  • August 11, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MARYLAND REAL ESTATE
  • MARYLAND REAL ESTATE
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docmickey
MARYLAND REAL ESTATE EXAM PREP/40+ Qs
with Certified Ans/ 2024-2025.
Which is TRUE of employees of the Commission? - Answer: They include an
executive director and field inspectors


cooperating agents - Answer: -A cooperating agent who brings in a buyer has
fiduciary duties to the seller/owner
- Cooperating agents can represent the buyer
-Cooperating agents are sub-agents of the listing broker


After getting a license, how often must you take Continuing Education classes? -
Answer: every 2 years - 15 hours




Page 1 of 7

, Where does fees paid for by Maryland real estate licenses go? - Answer: The State
Real Estate Commission Fund


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 - Answer: true in Maryland


In which of the following situations does an act of real estate brokerage require a
real estate brokerage license? - Answer: A person charges a modest consulting fee
to guide his friend in the sale of a home


Which is not necessary for a valid contract? - Answer: due date


Licensees do NOT need to do which of the following to be "qualified real estate
agents" and be eligible to use Schedule C-Self-Employed when filing federal tax
returns? - Answer: Be free from their broker's control of how their work is done


What term means "going to the state?" - Answer: escheat




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