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Last Updated: Aug 22, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 80% | - Valuation and Market Analysis
|
| Topic 2: Maryland State Portion | 30% | - Maryland-Specific Laws and Regulations
|
1. Why would a buyer want to know whether any additions or alterations were made to a property?
A) So the buyer can use the same contractor for additional additions and alterations
B) So the buyer can remove these items prior to closing
C) So the buyer can determine if permits were pulled
D) So the buyer can decide whether a price reduction is in order
2. Gia is acting as a seller agent. Which of these is a duty she must perform?
A) Market and sell the property.
B) Represent the buyer while making sure that none of the seller's advantages are lost.
C) Keep the buyer informed.
D) Negotiate for the buyer.
3. What's the purpose of a listing agreement in Maryland?
A) To bind the seller to one agent
B) To guarantee payment for the listing agent
C) To guarantee a sale
D) To specify the agreement between the listing broker and the seller
4. What are PCBs?
A) A substance resulting from the decay of uranium
B) Chemical compounds used in cooling and insulating, mainly in electrical transformers
C) A substance that grows due to moisture problems
D) A chemical compound that occurs naturally in the environment
5. In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?
A) A universal agent
B) A general agent
C) A special agent
D) A designated agent
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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