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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. A veteran licensee always has a face-to-face meeting before he works with any buyer. What might be a good reason for this?

A) To build trust and rapport
B) To determine the buyer's ethnicity
C) To get the buyer's FICO score, credit report, and tax receipts
D) To look the buyer in the eye to see if the buyer is hiding anything

2. James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

A) Testamentary
B) Assignable
C) Land
D) Tertiary

3. _____ 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) Substituting
B) Bridging
C) Bracketing
D) Surrounding

4. Which of these is a colorless, odorless, radioactive gas that is released when uranium decays?

A) Radon
B) Chlorofluorocarbons
C) Carbon monoxide
D) Polychlorinated biphenyls

5. 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

Solutions: