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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Why are legal descriptions required in real estate contracts?

A) To establish the legal boundaries for future construction on the property
B) To guarantee the buyer is receiving the exact property they believe they are purchasing
C) To calculate the exact property taxes owed by the new owner
D) To ensure the piece of property can be clearly identified from all other properties

2. _____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.

A) Bridging
B) Surrounding
C) Bracketing
D) Substituting

3. Which one of these describes a deed?

A) Abstract of title
B) Promissory note
C) Ownership document
D) Recording fee

4. In a real estate transaction, what's a real estate licensee's responsibility regarding household lead hazards for homes built before 1978?

A) To remind the sellers to disclose the possible presence of lead-based paint to a buyer
B) To make sure all lead is removed by a licensed professional
C) To disclose to buyers that there's lead-based paint in a home
D) To instruct the seller to remediate the lead-based paint

5. In a real estate transaction, who does a licensee represent?

A) A principal or customer
B) A customer
C) A client or customer
D) A client

Solutions: