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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

2. In order for an owner-occupant of a building with rental units to reject applicants based on sex, marital status, gender identity, and/or sexual orientation, they must not own more than how many rental units in a building?

A) Two
B) Three
C) Four
D) Five

3. Which of the following is an example of a metes and bounds description?

A) S ½ SE ¼ NW ¼ Section 2 ...
B) 123 Roanoke Street, Any Town, ST 98765
C) "Beginning at the iron pin 30 paces from the center of the brook that runs across the road Southwesterly from the dwelling ..."
D) Lot 6 of Block 3 of the Meridian subdivision ...

4. Why is it important for a seller to disclose the presence of an old fuel tank on a property?

A) The buyer will need to check if the tank is correctly sized.
B) The buyer may want to use the tank.
C) Older tanks may leak and contaminate the ground.
D) Buyers don't need to know.

5. What is one drawback of sub-agency from a listing broker's standpoint?

A) Both parties must agree to dual agency.
B) The listing broker and listing agent can be liable for the sub-agent's actions.
C) There aren't any drawbacks.
D) The listing broker will have to pay two agents' commissions.

Solutions: