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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How does discrimination still occur, even though it's illegal?

A) Not all laws make sense.
B) Discrimination makes good business sense.
C) Discrimination is often not visible to the public.
D) Discrimination is human nature.

2. Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

A) Closing Disclosure
B) The Mortgage Servicing Transfer Disclosure
C) Loan Estimate
D) Escrow closing notice

3. Which of the following refers to the increase in the value of an asset that is subject to taxation?

A) Equity
B) Taxable gains
C) Depreciation
D) Deferment

4. What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

A) The agent should pay the bonus to the broker.
B) The agent must disclose the bonus to any buyers they are working with on the transaction.
C) The agent should keep the bonus confidential and not inform the broker.
D) The agent can accept the bonus without any disclosure requirements.

5. Which comments field in an MLS listing may contain gate, lockbox, and security code information with the seller's written permission?

A) Private
B) Public
C) General
D) Seller

Solutions: