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Exam Code: Maryland-Real-Estate-Salesperson
Exam Name: Maryland Real Estate Salesperson Examination
Updated: Aug 21, 2026
Q & A: 214 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles | - Financing - Contracts - Property Ownership and Land Use Controls - Transfer of Title and Closing Procedures - Agency Relationships and Duties - Real Estate Calculations - Valuation and Market Analysis - Real Estate Practice and Fair Housing |
| Topic 2: Maryland State Law and Regulations | - Maryland Real Estate Commission (MREC) Rules and Authority - Property Disclosure Requirements (e.g., defects, lead-based paint) - Agency Disclosure and Representation in Maryland - Licensing Requirements and Procedures - Advertising and Brokerage Practices - Trust Accounts and Handling Client Funds - Disciplinary Actions and Enforcement |
1. Which of the following is a material fact that must be disclosed to prospective buyers?
A) A previous owner had HIV.
B) A lead-based paint disclosure must be included since the home was built in 1957.
C) A house has had more than ten owners.
D) A previous homeowner had Ebola.
2. Why was the Civil Rights Act of 1866 monumental among fair housing and antidiscrimination laws?
A) It provided no exceptions for discrimination based on race or color.
B) It added sexual orientation as a protected class.
C) It abolished slavery.
D) It was adopted by the United Nations.
3. Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.
A) Bracketing
B) Competition
C) Substituting
D) Correlation
4. ________ can be defined as everything that's not real property.
A) Real estate
B) Land property
C) Private property
D) Personal property
5. How long does a seller typically have to respond to an offer before the offer expires?
A) 125 days
B) 90 days
C) 60 days
D) 30 days
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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