maryland state exam | practice COMPLETELY SOLVED!!
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Course
Maryland real estate
Institution
Maryland Real Estate
Betsy and Josh want to file a complaint against a real estate licensee whom they feel misrepresented them in the sale of their Maryland home. With what organization can they file a complaint?
a. Hearing panel
b. Local police department
c. Maryland real estate commission
d. U.S. Board of Rea...
maryland state exam | practice COMPLETELY
SOLVED!!
Betsy and Josh want to file a complaint against a real estate licensee whom they feel misrepresented
them in the sale of their Maryland home. With what organization can they file a complaint?
a. Hearing panel
b. Local police department
c. Maryland real estate commission
d. U.S. Board of Real Estate Licensees - ANSWER Maryland Real Estate Commission
In Maryland, how many hours of approved real estate courses must an individual complete before taking
the real estate salesperson exam?
a.120
b.30
c.60
d.75 - ANSWER 60
Because her agent didn't tell her about the leaking roof he knew about, Dulce's had to pay $20,000 to
repair her roof, $8,000 to repair the bedroom ceiling that caved in, $2,000 to repaint the bedroom,
$10,000 to replace her ruined furniture and wardrobe, and $10,000 in legal fees pursuing her agent in
court. She also wants to get back the $2,500 commission she paid him. How much can she seek from the
Guaranty Fund?
a.$12500
b.$40000
c.$50000
d.$52500 - ANSWER $40,000
, How do you change your supervising broker in Maryland?
a.File an affidavit from both brokerages approving the switch at the county clerk's office.
b.Just start working at the new brokerage.
c.Submit a statement of affiliation from the new broker and a statement of affiliation termination from
the former broker along with your transfer application to the commission.
d.Tell your current brokerage you're leaving after your license is transferred to the new brokerage. -
ANSWER Submit a statement of affiliation from the new broker and a statement of affiliation termination
from the former broker along with your transfer application to the commission.
Which of these parties would be eligible to be one of MREC's consumer members?
a.Amelia, a retired community college professor who used to teach about home improvement
b.David, a semi-retired real estate broker with 25 years of experience
c.Marco, a licensed electrician who has a 10% ownership interest in the commission
d.Simone, a former licensee who gave up a lucrative real estate career four months ago to be a stay-at-
home mom - ANSWER Amelia, a retired community college professor who used to teach about home
improvement
A property is listed as having four bedrooms and two-and-a-half bathrooms. However, when showing
your buyer clients the property, you only count three bedrooms. As their agent, what should you do as
part of your due diligence?
a.call the police
b.demand the houseowner build another bedroom
c.ignore the discrepancy
d.investigate the discrepancy - ANSWER investigate the discrepancy
An administrative law judge presided over Sabine's misconduct hearing. Sabine presented several
documents indicating she was an excellent licensee, including notarized statements from three of her
clients. However, the ALJ found evidence of misconduct and recommended that Sabine be required to
take an additional three hours of CE in ethics. What happens next?
, a.Sabine may request that her broker appear before the judge to corroborate the evidence she
presented.
b.Sabine must take the ethics coursework and submit proof of completion to MREC.
c.Since Sabine was found guilty of a violation, her case is automatically appealed.
d.The MREC hearing panel decides whether or not to accept the ALJ's recommendation. - ANSWER The
MREC hearing panel decides whether or not to accept the ALJ's recommendation.
Devon and Courtney both consented to dual agency when they signed their listing agreement with Chad
from Crab Shack Homes, the Eastern Shore's premiere vacation home brokerage. But when another
licensee from Crab Shack presented Chad with an offer, the couple got cold claws and decided they
didn't want the potential conflict of interest with dual agency and withdrew their consent. Which of the
following is NOT a potential outcome?
a.Crab Shack may terminate the listing agreement.
b.Devon and Courtney may terminate their agency relationship with Crab Shack and find another broker.
c.Devon and Courtney will be held to their previous dual agency consent and the transaction will
continue unhindered.
e.The buyers may find another broker to represent them. - ANSWER Devon and Courtney will be held to
their previous dual agency consent and the transaction will continue unhindered.
Which of these documents does NOT provide appropriate agency disclosure?
a.consent for dual agency form
b.dual agency within a team form
c.listing agreement form
d.understanding whom real estate agents represent form - ANSWER Listing agreement form
Which of these scenarios does NOT require a Maryland licensee to disclose their licensed status?
a.Carol's brother is representing Carol in her purchase of a condo in Columbia.
b.Deirdre just put her niece's house on the market.
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