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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following is one of your duties as a listing agent?

A) Disclose material facts to the seller only.
B) Secure a profit for your client.
C) Hold confidential all facts from the buyer, even material facts.
D) Promote your client's interests throughout the entire transaction.

2. Which type of events are generally on a title insurance policy's schedule of exceptions?

A) Liens or encumbrances that aren't in the public record
B) Mechanic's liens filed prior to a title insurance policy's effective date
C) Claims that were filed in the public record before a title insurance policy's effective date
D) Claims from an owner with an unrecorded deed

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

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

4. Which of the following is true about USDA loans?

A) They're for farm loans only.
B) Loan terms may be as long as 38 years.
C) They mirror the requirements for conventional loans.
D) They're for rural housing loans only.

5. Local real estate developments, such as a new subdivision, will likely impact the ______ most.

A) The neighboring states
B) The aesthetics of a community
C) The passage of federal legislation
D) The economic health of a city 200 miles away

Solutions: