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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. The cost approach to finding an appraised value measures which of the following?

A) The expenses the property is expected to produce for the owner
B) The cost to construct a reproduction only
C) The cost to acquire land and construct a reproduction
D) The cost to acquire land only

2. Which of the following is used to protect the buyer from title defects after closing?

A) Chain of title
B) Attorney's opinion of title
C) Abstract of title
D) Buyer title insurance policy

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

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

4. How large is an acre?

A) 43,560 square feet
B) 43,560 feet
C) 5,480 square feet
D) 10,000 square meters

5. 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 decides not to take the listing, since the property will be impossible to sell.
B) Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
C) 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.
D) 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.

Solutions: