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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Maryland State Law and Regulations | - Trust Accounts and Handling Client Funds - Agency Disclosure and Representation in Maryland - Property Disclosure Requirements (e.g., defects, lead-based paint) - Advertising and Brokerage Practices - Maryland Real Estate Commission (MREC) Rules and Authority - Disciplinary Actions and Enforcement - Licensing Requirements and Procedures |
| National Real Estate Principles | - Real Estate Calculations - Property Ownership and Land Use Controls - Contracts - Transfer of Title and Closing Procedures - Financing - Real Estate Practice and Fair Housing - Agency Relationships and Duties - Valuation and Market Analysis |
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Between commercial and residential properties, which type of property is depreciated for a longer time?
- A. You cannot depreciate income-producing properties.
- B. Commercial income-producing properties are depreciated longer (39 years) than residential income- producing properties (27.5 years) are.
- C. Both commercial and residential income-producing properties are depreciated according to the same schedule.
- D. Residential income-producing properties are depreciated longer (39 years) than commercial income- producing properties (27.5 years) are.
Correct Answer: B 🗳️
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If a consumer wants to file a deceptive ad complaint, which entity should be contacted?
- A. The Department of Justice
- B. The FBI
- C. The local police department
- D. The BBB
Correct Answer: D 🗳️
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In order for a consumer to make a claim against the Guaranty Fund, what must they have experienced?
- A. Inconvenience
- B. Actual monetary damages
- C. Embarrassment
- D. Pain and suffering
Correct Answer: B 🗳️
Explanation: Only visible for DumpExam members. You can sign-up / login (it's free).
Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.
- A. undivided loyalty
- B. reasonable skill and care
- C. disclosure
- D. honesty
Correct Answer: A 🗳️
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Which of the following is the best definition of a covenant between a lessor and lessee?
- A. An addendum to a contract added after it's signed
- B. An agreement or promise made between the parties
- C. A provision for which neither party to a contract is willing to compromise
- D. A rent escalation
Correct Answer: B 🗳️
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