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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of ______ agency.

A) Implied
B) Unspoken
C) Executory
D) Express

2. What happens when personal property is attached to real property?

A) It's classified as emblements.
B) It's considered detached property.
C) It remains personal property.
D) It becomes a fixture.

3. In which type of lease does the tenant pay some or all expenses separately?

A) Percentage lease
B) Net lease
C) Sublease
D) Gross lease

4. When must the consent for dual agency be reaffirmed by the parties to the transaction?

A) Prior to the parties entering into the contract for the transaction
B) After the buyer has deposited earnest money
C) Prior to the inspection
D) Once the contract has been signed by all parties

5. Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations?

A) License law
B) Agency law
C) Fair housing
D) Antitrust

Solutions: