100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a) $9.99   Add to cart

Exam (elaborations)

MARYLAND REAL ESTATE EXAM PREP Complete questions & solutions(rated a)

 6 views  0 purchase
  • Course
  • MARYLAND REAL ESTATE
  • Institution
  • MARYLAND REAL ESTATE

Which of the following does NOT end presumed buyer representation? - ANSWER The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - ANSWER no Dual agency is permitted only in brokerage firms consisting of three or more licensee...

[Show more]

Preview 2 out of 5  pages

  • October 26, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • maryland real estate
  • MARYLAND REAL ESTATE
  • MARYLAND REAL ESTATE
avatar-seller
shantelleG
MARYLAND REAL ESTATE EXAM PREP
Complete questions & solutions(rated a)
Which of the following does NOT end presumed buyer representation? - ANSWER The licensee working
with prospects fails to present a disclosure of representation form



Does Maryland have dower laws? - ANSWER no



Dual agency is permitted only in brokerage firms consisting of three or more licensee - ANSWER true in
maryland



In which of the following situations does an act of real estate brokerage require a real estate brokerage
license? - ANSWER A person charges a modest consulting fee to guide his friend in the sale of a home



Which is not necessary for a valid contract? - ANSWER due date



Licensees do NOT need to do which of the following to be "qualified real estate agents" and be eligible to
use Schedule C-Self-Employed when filing federal tax returns? - ANSWER Be free from their broker's
control of how their work is done



Which is TRUE of employees of the Commission? - ANSWER They include an executive director and field
inspectors



cooperating agents - ANSWER -A cooperating agent who brings in a buyer has fiduciary duties to the
seller/owner

- Cooperating agents can represent the buyer

-Cooperating agents are sub-agents of the listing broker



After getting a license, how often must you take Continuing Education classes? - ANSWER every 2 years -
15 hours

, Where does fees paid for by Maryland real estate licenses go? - ANSWER The State Real Estate
Commission Fund



What term means "going to the state?" - ANSWER escheat



the Maryland Real Estate Commission - ANSWER 3 out of its members are not real estate licensees and 5
are



a team leader - ANSWER The team leader is chosen by the members of the team



The team leader is responsible for reasonable and adequate supervision of the team



The team leader can be the branch manager



Which of the following is a requirement for team advertising? - ANSWER The name of the team must be
directly connected with the full name of the brokerage firm of which it is a part



Which government agency may purchase easements to restrict land for agricultural use? - ANSWER
Maryland Agricultural Department



Whom may use a listing agreement form published by a multiple listing service ? - ANSWER Any licensed
member of the organization That operates that listing system



blockbusting regarded by Maryland law - ANSWER As a misdemeanor



Which of the following could result in discipline by the commission? - ANSWER BAD FAITH



Which of the following is a source of funds with which the State can purchase agricultural easements? -
ANSWER Transfer taxes imposed at the time of real estate transfers

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 shantelleG. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart