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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What type of ownership do most corporations use to hold real property?

A) Trust
B) Joint tenancy
C) Severalty
D) Common

2. To effect a transfer of title by deed, ______ must occur.

A) Delivery and acceptance
B) Deed review
C) Exchange of money
D) Judicial validation

3. Which of the following is one of your duties as a listing agent?

A) Secure a profit for your client.
B) Promote your client's interests throughout the entire transaction.
C) Hold confidential all facts from the buyer, even material facts.
D) Disclose material facts to the seller only.

4. 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) Operating stop lease
B) Triple net lease
C) Gross lease
D) Percentage lease

5. What's the purpose of a listing agreement in Maryland?

A) To bind the seller to one agent
B) To specify the agreement between the listing broker and the seller
C) To guarantee a sale
D) To guarantee payment for the listing agent

Solutions: