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| Section | Weight | Objectives |
|---|---|---|
| Maryland State Portion | 30% | - Licensure Requirements
|
| National Portion | 80% | - Practice of Real Estate
|
Which of the following is true about USDA loans?
Correct Answer: C 🗳️
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A property is conveyed to an individual until that individual's death, when the property will be conveyed to another party. What type of estate is this?
Correct Answer: B 🗳️
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In which type of lease does the tenant pay some or all expenses separately?
Correct Answer: A 🗳️
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One of Mrs. Wilson's tenants is leaving in a few months. She hates to see this particular tenant go because he has been an ideal tenant-always paying his rent on time, keeping his place clean, and never a complaint.
Unlike so many of her other tenants, this tenant deserves to get back his security deposit. By law, when must Mrs. Wilson return the deposit to her tenant?
Correct Answer: C 🗳️
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When a client understands what dual agency is and agrees in writing to allow a firm to act as a dual agent for them in a real estate transaction, this is known as ________.
Correct Answer: D 🗳️
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