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Maryland Real Estate Exam – Certified Question and Answers [100% Correct] 2025 Latest Release!!

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Maryland Real Estate Exam – Certified Question and Answers [100% Correct] 2025 Latest Release!! What is the maximum amount of time an individual may be granted to resolve a lien before it becomes enforceable? A) 1 month B) 6 months C) 12 months D) 18 months Which of th...

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  • December 8, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • maryland real estate exam certified question an

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  • Real Estate
  • Real Estate

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Maryland Real Estate Exam – Certified
Question and Answers [100% Correct] 2025
Latest Release!!
What is the maximum amount of time an individual may be granted to resolve a lien before it becomes
enforceable?

A) 1 month

B) 6 months

C) 12 months

D) 18 months



Which of the following is required for a real estate licensee to legally conduct business in Maryland?

A) Completion of an online training course

B) Passing the state licensing exam

C) Registration with a local Realtor organization

D) All of the above



What is the primary purpose of the Maryland Real Estate Commission?

A) To provide legal counsel to agents

B) To regulate and license real estate professionals

C) To set property taxes for real estate transactions

D) To determine property values



Which of the following is true regarding the Maryland Residential Property Disclosure and Disclaimer
Statement?

A) It must be completed by the buyer

B) It must be filed with the county clerk

C) It must be provided by the seller



1

,D) It is not required for new construction properties



What is the statute of limitations for filing a claim related to a real estate transaction in Maryland?

A) 7 years

B) 3 years

C) 5 years

D) 10 years



What is the term for the transfer of ownership of real estate?

A) Assignment

B) Conveyance

C) Indemnification

D) Deed



Which of the following is an example of a unilateral contract in real estate?

A) Listing agreement

B) Purchase agreement

C) Option to buy agreement

D) Lease agreement



If a broker receives a deposit from a buyer, which of the following is true?

A) The broker must immediately deposit it into their personal account

B) The broker must place it into a trust account

C) The broker may keep it until the closing

D) The broker must return it to the buyer



A seller discloses that a home has a history of mold but the buyer chooses to proceed with the sale.
What type of risk does the buyer assume?

A) Legal risk

2

, B) Financial risk

C) Physical risk

D) Emotional risk



Which of the following would be considered a violation of the Fair Housing Act in Maryland?

A) Refusing to show a property based on familial status

B) Refusing to sell a property to someone because of their religion

C) Offering incentives to buyers based on their income

D) Discriminating against individuals based on their gender



When representing both parties in a real estate transaction, this is called:

A) Dual agency with disclosure

B) Dual agency

C) Subagency

D) Exclusive agency



Which document must be signed by both the buyer and the seller before a real estate transaction is
complete?

A) Purchase agreement

B) Listing agreement

C) Closing statement

D) Settlement statement



What is the required minimum number of years for a property in Maryland to be considered for a
historic designation?

A) 10 years

B) 20 years

C) 50 years

D) 75 years


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