Exam (elaborations)
Ce shop Maryland State Exam Review 2024 Questions and Answers
- Module
- Institution
Ce shop Maryland State Exam Review
[Show more]
Seller
Follow
millyphilip
Reviews received
Content preview
Ce shop Maryland State Exam ReviewWhat information about the Guaranty Fund must be included in every Maryland sales
contract? - 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? - Answer -Broker's office phone number
In Maryland, transaction records may be stored electronically as long as ______. -
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? - Answer -The number of mandatory work hours expected of independent
contractors
Failure to present an offer or counter offer is a cause for? - Answer -Disciplinary action
a lawsuit could be placed against this person
Who may act as a dual agent? - 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? - 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? - Answer -"Roger Kelly"
What is the goal of the Maryland Real Estate Commission in declaring an area a real
estate conservation area? - Answer --To curb threats to the racial stability of an area.
-may suspend real estate ads for 24 months
-Prevention designed to prevent panic selling, blockbusting or reduced market values
that may occur
When can you withdraw a offer or counter offer? - Answer --Until accepted
- Acceptance is effective upon notification to the offeror (buyer)
Electronic Record System - Answer -Must use an indexing system that provides:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.17. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now