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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. 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.

2. 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

3. 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

4. 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

5. 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

Solutions: