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MARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a)
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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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  • October 26, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • maryland real estate
  • maryland real estate exam prep complete questions
  • which of the following does not end presumed buyer
  • does maryland have dower laws answer no

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  • MARYLAND REAL ESTATE
  • MARYLAND REAL ESTATE

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MARYLAND REAL ESTATE EXAM PREP
Complete questions & solutions(rated a)
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



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

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



What term means "going to the state?" - ANSWER escheat



the Maryland Real Estate Commission - ANSWER 3 out of its members are not real estate licensees and 5
are



a team leader - ANSWER The team leader is chosen by the members of the team



The team leader is responsible for reasonable and adequate supervision of the team



The team leader can be the branch manager



Which of the following is a requirement for team advertising? - ANSWER The name of the team must be
directly connected with the full name of the brokerage firm of which it is a part



Which government agency may purchase easements to restrict land for agricultural use? - ANSWER
Maryland Agricultural Department



Whom may use a listing agreement form published by a multiple listing service ? - ANSWER Any licensed
member of the organization That operates that listing system



blockbusting regarded by Maryland law - ANSWER As a misdemeanor



Which of the following could result in discipline by the commission? - ANSWER BAD FAITH



Which of the following is a source of funds with which the State can purchase agricultural easements? -
ANSWER Transfer taxes imposed at the time of real estate transfers

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