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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In order for a consumer to make a claim against the Guaranty Fund, what must they have experienced?

A) Actual monetary damages
B) Embarrassment
C) Inconvenience
D) Pain and suffering

2. Which of the following is used to protect the buyer from title defects after closing?

A) Buyer title insurance policy
B) Attorney's opinion of title
C) Abstract of title
D) Chain of title

3. Which of the following is a material fact that must be disclosed to prospective buyers?

A) A previous owner had HIV.
B) A house has had more than ten owners.
C) A lead-based paint disclosure must be included since the home was built in 1957.
D) A previous homeowner had Ebola.

4. When a local planning board is reviewing density, it would consider ______.

A) Setbacks and boundaries
B) FHA approval
C) Property values
D) Impact on neighboring states

5. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Pledged account
B) Blanket
C) Negative amortization
D) Growing equity

Solutions: