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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. When must informed consent for dual agency be obtained?

A) As the situation arises
B) At the time when the licensee and customer have entered into an agent/client relationship
C) Prior to entering into a contract for a specific transaction.
D) In the first face-to-face meeting with a potential client

2. How many of the nine appointed Maryland Real Estate Commission board members are consumers and how many are real estate professionals?

A) Two consumers, two salespersons, and five brokers
B) Four consumer and five real estate professionals
C) Seven consumer members and two real estate professionals
D) One attorney, one consumer, and seven real estate professionals

3. In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?

A) A general agent
B) A universal agent
C) A designated agent
D) A special agent

4. Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has arranged for the property to be given to the School for the Gifted. What interest does the School for the Gifted currently have?

A) Possession
B) Remainder
C) Reversionary
D) Ownership

5. In the conveyance of real property after death, what takes precedent over any terms specified in the deceased person's will?

A) Operation of law
B) Heirs' wishes
C) Nothing
D) Intestate

Solutions: