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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Section

Weight

Objectives

Topic 1: Maryland State Portion

27%

- Duties and Powers of the Real Estate Commission

1. Disciplinary actions and penalties
2. Commission structure and authority
3. Rulemaking and enforcement

- Licensing Requirements

1. Application and renewal procedures
2. Eligibility and education requirements
3. License types and scope of authority

- Business Conduct

1. Advertising regulations
2. Trust fund handling
3. Unlawful practices and prohibited acts

- Brokerage Relationships

1. Duties to clients and customers
2. Disclosure forms and requirements
3. Maryland agency definitions and rules

- Ethics

1. Conflicts of interest
2. Confidentiality and disclosure
3. Professional standards and conduct

- Supervision

1. Broker responsibility for licensees
2. Compliance oversight
3. Office management and record keeping

Topic 2: National Portion

73%

- Financing

1. Government loan programs (FHA, VA, USDA)
2. Closing and settlement procedures
3. Mortgage types and lending regulations
4. Loan qualification and underwriting

- Transfer of Property

1. Closing process and documents
2. Deeds and title transfer
3. Title insurance and recording

- Contracts

1. Elements of valid contracts
2. Purchase and sale agreements
3. Contract contingencies and remedies
4. Listing and buyer representation contracts

- Valuation and Market Analysis

1. Comparative market analysis
2. Factors affecting property value
3. Appraisal principles and methods

- Practice of Real Estate

1. Advertising and business practices
2. Fair housing laws and anti-discrimination
3. Escrow and trust account management

- General Principles of Agency

1. Termination of agency
2. Fiduciary duties and obligations
3. Agency relationships and creation
4. Agency disclosure requirements

- Property Ownership

1. Forms of ownership
2. Real and personal property
3. Encumbrances and easements
4. Land characteristics and legal descriptions

- Real Estate Calculations

1. Prorations and closing costs
2. Commission and fee calculations
3. Area and volume measurements

- Land Use Controls and Regulations

1. Public controls: zoning, building codes, environmental laws
2. Private controls: deed restrictions, HOA rules

- Property Disclosures

1. Property condition disclosures
2. Lead-based paint and other federal requirements
3. Environmental disclosures

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question #1

Which type of antitrust violation involves two or more businesses conspiring against another business?

A. Tie-in arrangement
B. Group boycotting
C. Price fixing
D. Market allocation

Reveal Solution Discussion 0

Correct Answer: B 🗳️