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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as ______, where certain factors may be given more weight.

A) Averaging
B) Conformity
C) Bracketing
D) Reconciliation

2. In relation to Maryland's PHIFA, if a foreclosure consultant is found to have intentionally violated the law, what's the maximum penalty the consultant may have to pay to a consumer who brings a private action?

A) Actual damages, plus attorney's fees
B) Actual damages
C) Twice the actual damages
D) Three times the actual damages, plus attorney's fees

3. 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 rights terminate.
C) Their ownership changes to tenants in common.
D) The one who records title first gets the property.

4. What type of ownership do most corporations use to hold real property?

A) Joint tenancy
B) Common
C) Trust
D) Severalty

5. What type of violation are you committing when you fail to include a material fact or make false or misleading advertising statements?

A) Improper delivery of instruments
B) Improper brokerage commission
C) Conflict of interest
D) Misrepresentation

Solutions: