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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Maryland State Portion | 30% | - Duties and Powers of the Real Estate Commission
|
| National Portion | 80% | - Property Disclosures
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Why are legal descriptions required in real estate contracts?
- A. To ensure the piece of property can be clearly identified from all other properties
- B. To guarantee the buyer is receiving the exact property they believe they are purchasing
- C. To calculate the exact property taxes owed by the new owner
- D. To establish the legal boundaries for future construction on the property
Correct Answer: A 🗳️
Explanation: Only visible for PassReview members. You can sign-up / login (it's free).
What might you find in the legal description of a deed?
- A. Metes and bounds property description
- B. County clerk's name
- C. Title abstract
- D. Name of developer
Correct Answer: A 🗳️
Explanation: Only visible for PassReview members. You can sign-up / login (it's free).
The lender will require flood insurance if the home is ________.
- A. More than 100 years old
- B. Located in a flood plain
- C. Located in a valley
- D. New construction
Correct Answer: B 🗳️
Explanation: Only visible for PassReview members. You can sign-up / login (it's free).
What is a claim or lien on a property title that can be monetary or physical?
- A. Encumbrance
- B. Eviction
- C. Appurtenance
- D. Agreement
Correct Answer: A 🗳️
Explanation: Only visible for PassReview members. You can sign-up / login (it's free).
What's a foreclosure?
- A. The sale of a property when the market value of the home is less than what is owed, plus closing cost
- B. A property sale that occurs in less than one week
- C. The forced sale of a property due to the borrower defaulting on the mortgage loan
- D. A sale that fails to receive a high enough bid at auction and then falls to the bank's ownership
Correct Answer: C 🗳️
Explanation: Only visible for PassReview members. You can sign-up / login (it's free).
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