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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. _____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.
A) Surrounding
B) Substituting
C) Bridging
D) Bracketing
2. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?
A) Puffing
B) Negligence
C) Misrepresentation
D) Fraud
3. Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?
A) $480,000
B) $420,000
C) $600,000
D) $120,000
4. To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?
A) Initial and date the bottom of each page of the contract.
B) Check the "We understand and consent to the terms presented on this page" statement.
C) Nod their heads "yes."
D) Sign a consent form.
5. What type of ownership do most corporations use to hold real property?
A) Joint tenancy
B) Trust
C) Severalty
D) Common
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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