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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Local real estate developments, such as a new subdivision, will likely impact the ______ most.

A) The neighboring states
B) The passage of federal legislation
C) The aesthetics of a community
D) The economic health of a city 200 miles away

2. Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario?

A) Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
B) Isabelle tells the owner that this is a material fact related to the property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
C) Isabelle decides not to take the listing, since the property will be impossible to sell.
D) Isabelle takes the listing, tells the seller she won't discuss the new freeway, then discloses this fact to prospective buyers, since it's material to the property.

3. Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?

A) After the seller accepts the buyer's offer
B) After the buyer deposits the earnest money in escrow
C) When the buyer asks you to represent them as well
D) At your first scheduled face-to-face meeting with the buyer about the seller's property

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

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

5. Which of these is a colorless, odorless, radioactive gas that is released when uranium decays?

A) Radon
B) Polychlorinated biphenyls
C) Carbon monoxide
D) Chlorofluorocarbons

Solutions: