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

SectionWeightObjectives
Topic 1: National Portion73%- Land Use Controls and Regulations
  • 1. Private controls: deed restrictions, HOA rules
  • 2. Public controls: zoning, building codes, environmental laws
- Valuation and Market Analysis
  • 1. Comparative market analysis
  • 2. Appraisal principles and methods
  • 3. Factors affecting property value
- Real Estate Calculations
  • 1. Prorations and closing costs
  • 2. Commission and fee calculations
  • 3. Area and volume measurements
- General Principles of Agency
  • 1. Agency disclosure requirements
  • 2. Fiduciary duties and obligations
  • 3. Agency relationships and creation
  • 4. Termination of agency
- Contracts
  • 1. Listing and buyer representation contracts
  • 2. Purchase and sale agreements
  • 3. Contract contingencies and remedies
  • 4. Elements of valid contracts
- Transfer of Property
  • 1. Closing process and documents
  • 2. Title insurance and recording
  • 3. Deeds and title transfer
- Property Disclosures
  • 1. Property condition disclosures
  • 2. Lead-based paint and other federal requirements
  • 3. Environmental disclosures
- Financing
  • 1. Loan qualification and underwriting
  • 2. Closing and settlement procedures
  • 3. Mortgage types and lending regulations
  • 4. Government loan programs (FHA, VA, USDA)
- Property Ownership
  • 1. Real and personal property
  • 2. Land characteristics and legal descriptions
  • 3. Forms of ownership
  • 4. Encumbrances and easements
- Practice of Real Estate
  • 1. Advertising and business practices
  • 2. Escrow and trust account management
  • 3. Fair housing laws and anti-discrimination
Topic 2: Maryland State Portion27%- Ethics
  • 1. Confidentiality and disclosure
  • 2. Professional standards and conduct
  • 3. Conflicts of interest
- Duties and Powers of the Real Estate Commission
  • 1. Disciplinary actions and penalties
  • 2. Commission structure and authority
  • 3. Rulemaking and enforcement
- Licensing Requirements
  • 1. Eligibility and education requirements
  • 2. License types and scope of authority
  • 3. Application and renewal procedures
- Business Conduct
  • 1. Trust fund handling
  • 2. Unlawful practices and prohibited acts
  • 3. Advertising regulations
- Supervision
  • 1. Office management and record keeping
  • 2. Compliance oversight
  • 3. Broker responsibility for licensees
- Brokerage Relationships
  • 1. Disclosure forms and requirements
  • 2. Maryland agency definitions and rules
  • 3. Duties to clients and customers

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

What happens when personal property is attached to real property?

  • A. It remains personal property.
  • B. It's considered detached property.
  • C. It's classified as emblements.
  • D. It becomes a fixture.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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If a consumer wants to file a deceptive ad complaint, which entity should be contacted?

  • A. The local police department
  • B. The Department of Justice
  • C. The BBB
  • D. The FBI
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Why would a buyer want to know whether any additions or alterations were made to a property?

  • A. So the buyer can determine if permits were pulled
  • B. So the buyer can decide whether a price reduction is in order
  • C. So the buyer can remove these items prior to closing
  • D. So the buyer can use the same contractor for additional additions and alterations
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Which of the following scenarios is an example of group boycotting?

  • A. Agreeing with competitors to not cooperate with another business
  • B. Making doing business with a client dependent on the client also obtaining services from a related business
  • C. Setting a standard commission rate with competitors
  • D. Segmenting the market to limit competition
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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How many approaches to value do appraisers generally use?

  • A. Three
  • B. One
  • C. Four
  • D. Two
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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