CE Shop Final Exam – Practice; Questions and Answer (A+)
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Module
CE Shop Course
Institution
CE Shop Course
CE Shop Final Exam – Practice; Questions and
Answer (A+)
Two agents from the same team represent the seller and the other represents
the buyer- Is this
dual agency in MD NOT an example of legal dual agency in Maryland
Timothy is moving out of his neighborhood because his neighbors host rau...
CE Shop Final Exam – Practice; Questions and
Answer (A+)
Two agents from the same team represent the seller and the other represents
the buyer- Is this
dual agency in MD ✔✔NOT an example of legal dual agency in Maryland
Timothy is moving out of his neighborhood because his neighbors host raucous
parties at all
hours of the night. - Does he need to disclose? ✔✔NOT a material fact requiring
disclosure in
Maryland
When a payment is made on your behalf from the Guaranty Fund, what happens
to your real
estate license ✔✔It is suspended
The commission may reprimand, impose fines, and suspend and/or revoke
licenses, but it may
not impose prison sentences. ✔✔possible penalties imposed by the commission
for a violation of
, CE Shop Final Exam – Practice; Questions and
Answer (A+)
the Maryland Code of Ethics
Amelia, a retired community college professor who used to teach about home
improvement
✔✔People that would be eligible to be one of MREC's consumer members
What type of ownership interest needs to be disclosed in writing to all parties
✔✔Property held
directly or indirectly by the licensee, the licensee's immediate family member,
the licensee's
firm, or a member of the licensee's firm
Tom and Rosanne are interested in a property in Maryland, but before making
an offer, they
want to make sure there aren't any registered sex offenders living in the
neighborhood. Which
statement is most accurate ✔✔It's up to the buyer to perform due diligence and
research whether
, CE Shop Final Exam – Practice; Questions and
Answer (A+)
sex offenders live in the area. Licensees can direct clients to the state's registry.
Sam is an independent contractor Maryland licensee working for B & L Realty.
Since Sam is an
independent contractor, what supervisory responsibility does Sam's broker have
✔✔Sam is
considered an employee for licensing law purposes, but he's still an independent
contractor for
IRS purposes.
Which of the following is NOT a relief option that the nine-member Maryland
Commission on
Civil Rights may order if it determines that housing discrimination has occurred?
✔✔Criminal
action against the party who discriminated
Roz, representing the buyer, sees the seller coming at the grocery store. Roz has
just heard from
, CE Shop Final Exam – Practice; Questions and
Answer (A+)
her buyer client that he's willing to budge on a couple of home inspection repair
issues. What
should Roz do? ✔✔Smile and greet the seller, engage in small talk as needed,
but not mention
the buyer's decision.
Because Lisa's agent didn't inform her that she needed to pull a permit to build a
deck off the
back of her home, she spent $11,000 having it installed, $7,000 having it
removed when the
homeowners association discovered she didn't pull a permit, and another
$5,000 in legal fees
fighting her agent in court over it. How much money is she entitled to seek from
the Guaranty
Fund? ✔✔$18,000 - because 5,000 is legal fees
April has some crazy listings in her current portfolio; it seems as if everything
that could've gone
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