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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. At the end of this month, Evy will have been paying rent on her ground lease for 15 years. She's decided to give 30 days' notice to the landowner that she plans to buy out the lease. What type of ground lease does Evy have?

A) Irregular ground lease
B) Irredeemable ground lease
C) Redeemable ground lease
D) Regular ground lease

2. A licensee wants to meet with her potential buyer clients face-to-face in her office. What's her reason for doing this?

A) She wants to make sure the buyers are serious about purchasing.
B) She wants the buyers to meet her office mate.
C) She wants to run a credit check on the buyers.
D) She wants to sell the buyers on a local neighborhood that she likes.

3. Which of these situations would result in the earnest money being disbursed to the seller?

A) The escrow agent converts the earnest money.
B) The buyer includes hard money in the purchase offer, then terminates the sale when the appraisal comes in low.
C) The buyer backs out when the appraisal comes in too low to satisfy the contingency.
D) The seller gets cold feet and cancels the transaction.

4. What's the area of a rectangular building that's 40 feet by 20 feet?

A) 80 square feet
B) 800 square feet
C) 80 feet
D) 800 feet

5. 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?

A) Life estate
B) Leasehold estate
C) Homestead estate
D) Fee simple estate

Solutions: