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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which type of deed offers the strongest and broadest form of guarantee and protection of title to the grantee?

A) Bargain and sale deed
B) Executor's deed
C) Quitclaim deed
D) Full covenant and warranty deed

2. Which of the following best describes the concept of appreciation?

A) When the value of a property decreases over time.
B) When a property's value increases as a result of capital improvements.
C) When the value of a property increases over time.
D) When losses are deducted from a property's value for tax purposes.

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

4. Dan is buying Chuck's property, which is listed with Nevin's brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

A) Dan and Chuck
B) Chuck and Nevin's brokerage
C) Dan and Nevin
D) Dan, Chuck, and Nevin

5. If you take gross income and deduct operating expenses, what do you get?

A) Effective gross income
B) Potential gross income
C) Net operating income
D) Profit

Solutions: