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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

2. Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.

A) Achieve a result that is fair to all parties
B) Be signed by two or more attorneys
C) Be handwritten
D) Present the essential terms and conditions of the contract

3. How does the income from property taxes benefit the community?

A) It's used to build new shopping malls.
B) It's used to fund essential services and public works.
C) It's used to determine property tax increases.
D) It's used to build high-end housing.

4. What responsibility do licensees have regarding household lead hazards?

A) Making sure their sellers know how to hide the presence of lead-based paint
B) Disclosing that there's lead-based paint to a buyer, even when they don't know for sure it's there
C) Disclosing that there's lead-based paint to a buyer when they know about it
D) Making sure all lead is removed, even if they have to personally remove it

5. Which of the following financing types involves the sale of personal property with the real property?

A) Security
B) Blanket
C) Wrap-around
D) Package

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