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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Violators of the Sherman Antitrust Act may be subject to fines. For what amount may corporations and individuals be liable?

A) Up to $100 million for corporations and $1 million for individuals
B) Up to $100,000 for corporations and $1,000 for individuals
C) Up to $1 million for corporations and $100,000 for individuals
D) Up to $10 million for corporations and $1 million for individuals

2. 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) Percentage lease
C) Triple net lease
D) Gross lease

3. Jillian has a loan-to-value ratio of 90/100. This means-

A) She is putting 10% down, with 90% being pulled from her IRA.
B) Her loan is 10% of the value of the real estate used as collateral and she is obtaining a second mortgage for 90%.
C) The property is only worth 90% of the amount loaned.
D) Her loan is 90% of the value of the real estate used as collateral and she is putting 10% down.

4. What happens when a married couple who owns a property as tenants by the entirety divorce?

A) They become joint tenants with right of survivorship.
B) Their ownership changes to tenants in common.
C) Their ownership rights terminate.
D) The one who records title first gets the property.

5. Which of the following is an example of positive misrepresentation?

A) An inadvertent error occurred.
B) An agent knowingly made a false statement that caused harm.
C) It results in a positive outcome.
D) An agent made an unintentional error that resulted in a positive outcome.

Solutions: