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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. A valid deed must contain all of the essential elements, plus which of the following?

A) It must be in nuncupative form.
B) It must be approved by the local judge.
C) It must be in writing.
D) It must be sent to all parties via registered mail.

2. What entity enforces the Maryland Code of Ethics?

A) REALTOR associations
B) COMAR
C) The Maryland Real Estate Commission
D) The Maryland Association of Real Estate Ethics

3. Why might a property owner avoid paying capital gains tax on a property sale?

A) He didn't file his taxes correctly.
B) He did a tax-deferred exchange.
C) He didn't convey the property.
D) He didn't sell the property.

4. 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 establish the legal boundaries for future construction on the property
C) To calculate the exact property taxes owed by the new owner
D) To guarantee the buyer is receiving the exact property they believe they are purchasing

5. _____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.

A) Bracketing
B) Bridging
C) Substituting
D) Surrounding

Solutions: