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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. When a lower-quality property is adjacent to a higher-quality property, it can diminish the value of the higher- quality property. What economic principle of value is this?

A) Contribution
B) Progression
C) Anticipation
D) Regression

2. Which of the following is true about USDA loans?

A) They mirror the requirements for conventional loans.
B) Loan terms may be as long as 38 years.
C) They're for farm loans only.
D) They're for rural housing loans only.

3. Which statement best represents how dual agency is impacted by teams in Maryland?

A) The broker may serve as an ICA along with a team member.
B) The dual agent may be part of the same team as the ICAs.
C) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.
D) Dual agency isn't allowed within real estate teams.

4. Disclosing which of the following facts would be considered a fair housing violation?

A) The current owner has HIV.
B) The kitchen was remodeled five years ago.
C) The roof was replaced last year.
D) The property has been treated for pests.

5. Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?

A) Rental options and high-risk loan products
B) Rental options
C) Appropriate financing
D) High-risk loan products

Solutions: