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

SectionWeightObjectives
Topic 1: National Portion80%- Valuation and Market Analysis
  • 1. Market Analysis
  • 2. Appraisal Methods
- Transfer of Title
  • 1. Deeds
  • 2. Title Insurance
  • 3. Closing Processes
- Practice of Real Estate
  • 1. Licensing Laws
  • 2. Fair Housing
- Contracts
  • 1. Contract Law
  • 2. Types of Contracts
- Real Estate Calculations
  • 1. Mathematical Concepts
- General Principles of Agency
  • 1. Agency Relationships
  • 2. Duties and Responsibilities
- Land Use Controls and Regulations
  • 1. Government Rights in Land
  • 2. Private Controls
- Leasing and Property Management
  • 1. Management Agreements
  • 2. Lease Types
- Property Ownership
  • 1. Classes of Property
  • 2. Real Property
  • 3. Personal Property
- Financing
  • 1. Government Programs
  • 2. Financial Instruments
  • 3. Types of Loans
- Property Disclosures
  • 1. Material Defects
  • 2. Environmental Issues
Topic 2: Maryland State Portion30%- Maryland-Specific Laws and Regulations
  • 1. Agency Laws
  • 2. State Real Estate Code
- Licensure Requirements
  • 1. Eligibility Criteria
  • 2. Continuing Education
- Duties and Powers of the Real Estate Commission
  • 1. Licensing Procedures
  • 2. Commission Authority

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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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