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

SectionWeightObjectives
Maryland State Portion30%- Maryland-Specific Laws and Regulations
  • 1. Agency Laws
  • 2. State Real Estate Code
- Duties and Powers of the Real Estate Commission
  • 1. Licensing Procedures
  • 2. Commission Authority
- Licensure Requirements
  • 1. Eligibility Criteria
  • 2. Continuing Education
National Portion80%- Transfer of Title
  • 1. Deeds
  • 2. Closing Processes
  • 3. Title Insurance
- Leasing and Property Management
  • 1. Lease Types
  • 2. Management Agreements
- Real Estate Calculations
  • 1. Mathematical Concepts
- Financing
  • 1. Financial Instruments
  • 2. Types of Loans
  • 3. Government Programs
- Valuation and Market Analysis
  • 1. Appraisal Methods
  • 2. Market Analysis
- General Principles of Agency
  • 1. Duties and Responsibilities
  • 2. Agency Relationships
- Property Disclosures
  • 1. Material Defects
  • 2. Environmental Issues
- Land Use Controls and Regulations
  • 1. Private Controls
  • 2. Government Rights in Land
- Contracts
  • 1. Contract Law
  • 2. Types of Contracts
- Practice of Real Estate
  • 1. Licensing Laws
  • 2. Fair Housing
- Property Ownership
  • 1. Real Property
  • 2. Personal Property
  • 3. Classes of Property

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Which type of antitrust violation involves two or more businesses conspiring against another business?

  • A. Price fixing
  • B. Tie-in arrangement
  • C. Market allocation
  • D. Group boycotting
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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What items go into the seller's credit column and the buyer's debit column when calculating prorations?

  • A. Unpaid property taxes
  • B. The buyer's loan amount
  • C. Prepaid property taxes
  • D. Home inspection fees
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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The cost approach to finding an appraised value measures which of the following?

  • A. The cost to construct a reproduction only
  • B. The cost to acquire land and construct a reproduction
  • C. The cost to acquire land only
  • D. The expenses the property is expected to produce for the owner
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

  • A. Growing equity
  • B. Pledged account
  • C. Negative amortization
  • D. Blanket
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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What happens when personal property is attached to real property?

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

Correct Answer: A  🗳️

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