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Maryland Real Estate Prep COMPLETE QUESTIONS & SOLUTIONS(GRADED A) $10.49
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Maryland Real Estate Prep COMPLETE QUESTIONS & SOLUTIONS(GRADED A)
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  • Course
  • Maryland Real Estate
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  • Maryland Real Estate

When a salesperson, whose license has not been renewed, negotiates a sale of real property, who is the commission payable to ? - ANSWER No one When prospective purchasers first arrive at a brokerage office to find a house to buy, how does the brokers act require them or be treated ? - ANSWER As ...

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  • October 26, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • maryland real estate
  • maryland real estate prep complete questions sol
  • when a salesperson whose license has not been ren
  • when prospective purchasers first arrive at a brok

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  • Maryland Real Estate
  • Maryland Real Estate

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Maryland Real Estate Prep COMPLETE
QUESTIONS & SOLUTIONS(GRADED A)
When a salesperson, whose license has not been renewed, negotiates a sale of real property, who is the
commission payable to ? - ANSWER No one



When prospective purchasers first arrive at a brokerage office to find a house to buy, how does the
brokers act require them or be treated ? - ANSWER As customers



Which of the following is TRUE of a salesperson's real estate license ? - ANSWER They must be retained
by the broker or designated manager in their office



What is the maximum amount that a claimant may receive from the guaranty fund on losses from one
transaction ? - ANSWER 50,000



Who may be members of the State Real Estate Commission? - ANSWER UNLICENSED PERSONS AND
LICENSED BROKERS AND SALESPERSONS



Susan Parks must affirmatively disclose the fact that she holds a Maryland Real Estate license when -
ANSWER Advertising her own home for sale



What body sets ethical standards that must be observed by all Maryland real estate licensees? - ANSWER
Maryland Real Estate Commission



What advance notice must developers give to tenants when converting a 10 year old apartment building
into a time share project ? - ANSWER 120 days notice to each tenant



Which of the following is NOT the responsibility of Maryland real estate licensees ? - ANSWER Giving
legal guidance

, A licensee, who is new to the team, has discovered that other team members are recommending a
popular handyman to all their clients due to the handyman's reliability and being the spouse of the team
leader. The handyman is using an MHIC license number from a former employer. The new team member
should - ANSWER Discuss these concerns with the branch manager or the broker while refusing to use
the handyman



Which is true of an employment agreement to list a Maryland property for sale ? - ANSWER It may not
require notice from either the seller or the broker to activate its termination date



If a Maryland seller does not disclose the existence of known deferred water and sewer fees ? - ANSWER
The seller could be obligated to pay the deferred water and sewer fees



Maryland requirements for real estate brokerage office includes all the following except : - ANSWER It
must be a place where the firm regularly conducts insurance sales



Which of the following is TRUE about the 3 hour continuing education course in supervision ? - ANSWER
It must be taken by a new manager within 90 days of taken that positiin



Which of the following relations are NOT addressed in the COMAR code of ethics ? - ANSWER Relations
to the commission



Which statement about Maryland FHA is true? - ANSWER In a multi unit community that is advertised for
and occupied exclusively by , a persons 62 plus, sellers may refuse to to sell a unit for occupancy to a
family with minor children



Which of the following is false regarding a team? - ANSWER At least 2 members and one is a broker



When do regulations require the commissions form UWREA to be utilized ? - ANSWER At the first face to
face meeting with an unrepresented tenant seeking a one year lease



When preparing and presenting a CMA , that statement that begins with "This analysis is not an
appraisal " must be included - ANSWER On the first page of the CMA

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