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

2. Members of the Maryland Real Estate Commission serve _______ -year terms.

A) Two
B) Five
C) Four
D) Six

3. Maryland real estate licensees should be aware that, in addition to the federally protected classes, the state's fair housing laws also prohibit discrimination based on the protected classes of _______.

A) Gun owners and military status
B) Marital status, sexual orientation, gender identity, and source of income
C) Smokers, students, and the elderly
D) Students, retired persons, and the unemployed

4. Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.

A) Be handwritten
B) Achieve a result that is fair to all parties
C) Be signed by two or more attorneys
D) Present the essential terms and conditions of the contract

5. To calculate the sales price before commission, which formula should you use if you know the sales price after commission and the commission rate?

A) Sales price ÷ (100% - commission rate)
B) (Net amount + mortgage or other expenses) ÷ (100% - commission rate)
C) Sales price - (100% - commission rate)
D) Sales price × (100% - commission rate)

Solutions: