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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

Once signed, the listing agreement is a legally binding contract between

A. The seller and lender
B. The buyer and seller
C. The buyer's agent and seller
D. The listing broker and seller

Question 2

Ellen and Sadie signed an agreement to list Sadie's condo for sale. After the contract was signed, Sadie's father, Grant, offered to pay Ellen's commission as a housewarming present. Sadie's mom and stepdad, Linda and Rick, also chipped in. Who is Ellen's client?

A. Grant
B. Sadie
C. Linda
D. Rick

Question 3

What's used to calculate the housing debt-to-income ratio and total debt-to-income ratio?

A. Net income
B. Operating income
C. Gross income
D. After-tax income

Question 4

Which of the following is an example of a development cost?

A. Local density zoning rules
B. Crime rates
C. Lower unemployment
D. Increased demand on infrastructure

Question 5

A deed must be ______ before it can be recorded.

A. Transferred
B. Verified
C. Acknowledged
D. Conveyed

Solutions: