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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. ________ pay earnest money to solidify their commitment to completing a real estate transaction.
A) Buyers
B) Sellers
C) Lenders
D) Brokers
2. A buyer representation agreement is similar to which document used when representing a seller?
A) A consumer notice
B) A listing agreement
C) A seller disclosure
D) A seller's net sheet
3. How does the building department ensure that a builder who has obtained a permit builds according to code?
A) The builder signs an affidavit to that effect.
B) The builder is required to submit to weekly inspections performed by peers in the industry.
C) The building department sends inspectors to inspect the work.
D) The builder submits a monthly progress report.
4. Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?
A) Yes. Agency law prohibits Renae from showing the same property to two buyer clients.
B) No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.
C) Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
D) No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.
5. Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?
A) Percentage lease
B) Operating stop lease
C) Gross lease
D) Triple net lease
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |






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