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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

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

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

5. A deed must be ______ before it can be recorded.

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

Solutions: