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Maryland State Driving inspection Exam Questions and Answers Verified 100% Correct
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Maryland State Driving inspection Exam Questions and Answers Verified 100% Correct
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Maryland State Driving inspection ExamQuestions and Answers Verified 100% Correct
Adesha made an offer on a three-bedroom townhouse in Hanover on April 5. The sellers
accepted her offer on April 6, and all signatures were finalized by April 7. Adesha still hasn't
received the property disclosure/disclaimer statement. Until when can Adesha rescind the
contract without penalty?
April 12
April 14
April 17
At any time before she receives the disclosure/disclaimer statement - ✔✔At any time
before she receives the disclosure/disclaimer statement
Mark lives in Maryland and purchased property in Pennsylvania. His real estate agent gave him
poor advice, which cost him $52,000. Which of the following is true?
Mark can file a claim with the Guaranty Fund, but he can only recover $50,000 of his loss.
Mark can file a claim with the Guaranty Fund to recover his loss.
Mark can file a claim with the Guaranty Fund to recover his loss, but only after he has
exhausted other methods.
Mark cannot file a claim with the Guaranty Fund because the property purchased was in
Pennsylvania. - ✔✔Mark cannot file a claim with the Guaranty Fund because the property
purchased was in Pennsylvania.
MREC received a complaint from Rose, stating that licensee Stan had placed a sign on her
property without her permission. As a result, she received a $250 fine from her homeowners
association for illegal signage. MREC notified Stan and his broker about the complaint, and
,Stan's broker responded by sending a copy of an email from Rose, stating that the firm could
have a sign installed. As a result, the hearing panel dismissed the claim. What can Rose do now?
- ✔✔Since the hearing panel found no merit to Rose's case, it's rejected the claim, and Rose
may not file an appeal. Guaranty Fund claims are considered separately, but only actual
monetary damages may be claimed.
Stanley, a broker, received notice from the Maryland Real Estate Commission that it was
summarily suspending his license. What's the most likely reason that his license was
immediately suspended?
He didn't provide the commission with trust account records.
He failed to pay his license renewal fee on time.
He failed to report that he was charged with a misdemeanor last week.
He held onto an earnest money check until the offer had been accepted. - ✔✔He didn't
provide the commission with trust account records.
Rumi was on vacation in St. Croix when he received a written offer, via email, for his seller
client's property, which had been on the market for two months with no offers. He decided to
hold onto it until he got back a week later, so he could present it to his client in person. The
next day, his seller client called Rumi's office to cancel the listing. When Rumi told the former
client that he'd had an offer, she complained to MREC about him. What are the possible
penalties Rumi could face?
He could be disciplined by the commission and receive a possible lawsuit for intentional
interference.
None; since the client cancelled the listing, Rumi is not at fault.
, Rumi could be subject to disciplinary action from local board of REALTORS®.
Rumi could receive disciplinary action from the commission, including jail time. - ✔✔He
could be disciplined by the commission and receive a possible lawsuit for intentional
interference.
Broker Pat was so busy enjoying her semi-retired life that she failed to supervise new
salesperson Dina adequately and Dina engaged in unintentional discrimination. What might
happen to Pat's license? - ✔✔It could be suspended or revoked.
Licensed property managers in Maryland must maintain related records for at least five years,
beginning on the date ______.
The last tenant moves out
The property management agreement commences
The property management agreement terminates
The property management agreement was signed - ✔✔The property management
agreement terminates
Which of the following is NOT true regarding the Maryland Commission on Civil Rights?
Commission members serve four-year terms.
The commission is made up of nine members.
The commission is managed by an executive director.
The governor appoints members to the commission. - ✔✔The commission is made up of
nine members.
Beverly's broker, Marquis, has assigned her to represent the seller in an in-house transaction.
Beverly's colleague, Tyrone, will be representing the buyer. What's Beverly's role in this
transaction?
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