Maryland real estate law Study guides, Class notes & Summaries

Maryland Law Questions and Answers Already Passed MD LAW - 1 A real estate broker is any person, association, partnership or corporation who: a. buys, sells, or exchanges real estate for a fee b. hold in good faith a power of attorney c. offers real estate by verbal solicitation d. offers their primary residence for sale a. buys, sells, or exchanges real estate for a fee MD LAW - 2 The Real Estate Commission is part of the: a. Executive office of the state legislature b. Department of H...

Maryland Real Estate Question and answers rated A+ 2024 Maryland Real Estate (Law) Practice Exam 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 - correct 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 ...

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - Selling, buying, exchanging, or leasing any real estate or collecting rent - Assisting to locate/obtain for purch...

Maryland Real Estate Questions with complete solution 2024 Maryland Real Estate (Law) Licensed sales persons may represent: a. any owner who directly employs them b. not more than one owner at one time c. only a broker with whom they are affiliated d. any broker who is duly licensed, at any time - correct answer c. only a broker with whom they are affiliated The license certificate issued to a salesperson must be: a. carried by the salesperson at all times b. displayed by the ...

Maryland Real Estate (Law) Practice Exam Verified Solutions Associate Broker John Buonasera, known as Mr. B. has published a flier to attract business. This is the entire ad: Come to me, Mr. B. for all your real estate needs: Buying, Selling, or Renting. Use my services and you will be pleased. Results guaranteed! I charge 2% less than most other REALTORS for my excellent service. My personal assistants and I are available to you 24/7 to answer your real estate questions and meet your ...

Maryland Real Estate (Law) Practice Exam Complete Questions And Answers Rated A+

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...

A couple years after Meredith closed on her first sale—a condo that her buyer client, Derek, bought after a messy divorce that left him virtually penniless—another licensee, Alex, called her up asking about Derek, who'd just hired Alex to help him buy a mansion worth $4.2 million. "Can he really afford it? He's not being forthcoming about his financial history, and I don't want to waste my time." What should Meredith tell him? - "You know you shouldn't be asking me about this, Ale...

Maryland Real Estate Exam Question and answers 2024 verified to passMaryland Real Estate Exam 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...

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...