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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Blanket
B) Growing equity
C) Pledged account
D) Negative amortization

2. Gia is acting as a seller agent. Which of these is a duty she must perform?

A) Negotiate for the buyer.
B) Keep the buyer informed.
C) Represent the buyer while making sure that none of the seller's advantages are lost.
D) Market and sell the property.

3. Dan is buying Chuck's property, which is listed with Nevin's brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

A) Chuck and Nevin's brokerage
B) Dan and Chuck
C) Dan, Chuck, and Nevin
D) Dan and Nevin

4. What agency enforces fair housing laws in Maryland?

A) The Fair Housing Administration and Enforcement Board
B) The Commission on Civil Rights
C) The Discriminatory Acts Board
D) The Fair Housing Updates Board

5. Why might a property owner avoid paying capital gains tax on a property sale?

A) He did a tax-deferred exchange.
B) He didn't file his taxes correctly.
C) He didn't convey the property.
D) He didn't sell the property.

Solutions: