Maryland real estate exam Study guides, Class notes & Summaries

Maryland Real Estate (Law) Practice Exam Already Passed When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 a. January 2, 2016 When prospectiv...

Maryland Real Estate Practice Exam with Verified Solutions Maryland real estate license law is administered by the Maryland Real Estate Commission How are members of the Real Estate Commission selected? By the Governor, with the advice and consent of the state senate and the advice of the Secretary of Labor, Licensing, and Regulation. What is the total number of Real Estate Commissioners in Maryland? nine What is the total number of members who hold real estate licenses on the R...

Maryland Real Estate Exam Questions and Answers 100% Correct Nancy, a broker in Annapolis, is going over the listing agreement with her new client, Josie, who asks, "What if I need to cancel the agreement early?" What should Nancy tell her? 1. "I'm always flexible. If we need to, we'll add an amendment to the agreement granting you permission to cancel early." 2. "Listing agreements in Maryland must be for a definite amount of time. If it would make you more comfortable, we can set the...

Maryland Real Estate (Law) Practice Exam Questions & Answers Verified 100% Correct!!.

MARYLAND REAL ESTATE EXAM PREP Question and answers 100% correct 2024 MARYLAND REAL ESTATE EXAM PREP Which of the following does NOT end presumed buyer representation? - correct answer The licensee working with prospects fails to present a disclosure of representation form Does Maryland have dower laws? - correct answer no Dual agency is permitted only in brokerage firms consisting of three or more licensee - correct answer true in maryland In which of the following situation...

MARYLAND REAL ESTATE EXAM PREP (2023) QUIZZES & ANS..

When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement - b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 - a. January 2, 2016 When prospective purchasers first arrive at a brokerage office to...

When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement - Answer-b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 - Answer-a. January 2, 2016 When prospective purchasers first arrive at a broke...

Maryland Real Estate Exam Prep Questions and Answers- Already Passed Who appoints members to the Maryland real estate commission? A. The State Senate B. The house of Delegates C. The executive director of the Commission D. The governor of Maryland Answer: The governor of Maryland Which of the following is true concerning the Maryland Real Estate Commission? A. Its members are representative brokers from real estate boards or associations through Maryland B. It has 5 members C. It has 4 p...

Maryland Real Estate Exam Question and answers correctly solved 2024 Maryland Real Estate Exam Appoints members of Maryland Real Estate Commission MREC created by? - correct answer Governor license law How is executive director of commission chosen? - correct answer Appointed by secretary of labor, licensing, and regulation Minimum level of guaranty fund Initial fee? - correct answer 250,000 $20 Maryland real estate commission comprised of - correct answer four members no...