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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Maryland State Portion | 30% | - Maryland-Specific Laws and Regulations
|
| National Portion | 80% | - Property Ownership
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Question #1
Why might a property owner avoid paying capital gains tax on a property sale?
A. He didn't convey the property.
B. He didn't sell the property.
C. He didn't file his taxes correctly.
D. He did a tax-deferred exchange.
Question #2
Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?
A. Percentage lease
B. Gross lease
C. Triple net lease
D. Operating stop lease
Question #3
Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario?
A. Isabelle decides not to take the listing, since the property will be impossible to sell.
B. Isabelle takes the listing, tells the seller she won't discuss the new freeway, then discloses this fact to prospective buyers, since it's material to the property.
C. Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
D. Isabelle tells the owner that this is a material fact related to the property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
Question #4
What best describes a Multiple Listing Service (MLS) in real estate?
A. A free service for real estate professionals and the public
B. An online database of active, under contract, sold, expired, and withdrawn listings
C. A proprietary site open only to real estate professionals
D. A classified advertising site that charges by the column inch
Question #5
The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger
______ neighborhoods.
A. Segregated
B. Gated
C. Diverse
D. Transit-oriented
Solutions:
| Question #1 Correct Answer: D | Question #2 Correct Answer: C | Question #3 Correct Answer: D | Question #4 Correct Answer: B | Question #5 Correct Answer: C |
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