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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which act gives companies the right to sue a competitor for making deceptive ad claims?

A) The Privacy Act
B) The Lanham Act
C) The Gramm-Leach-Bliley Act
D) The Truth in Advertising Act

2. Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

A) Taxable gains
B) Insurance expenses
C) Transfer tax
D) Depreciation

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

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

4. A first-time home buyer needs to take out a loan to help finance his purchase. What's the first thing he must do once the seller has accepted his offer and the contract has been finalized?

A) Check his credit score
B) Request the settlement date be delayed 30 days
C) Pay off all his credit cards
D) Submit a written application for financing

5. A landlord locks a tenant out and requires the tenant to pay past-due rent before regaining access to the unit.
This is considered:

A) Constructive eviction
B) Illegal
C) Termination
D) Personal possession lien process

Solutions: