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No. of Questions: 214 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| National Portion | 80% | - Property Disclosures
|
| Maryland State Portion | 30% | - Duties and Powers of the Real Estate Commission
|
1. Where should a licensee typically verify the latest regulations and updates regarding real estate practices?
A) On the Real Estate Commission's website
B) With the supervising brokerage
C) With a co-worker of the licensee
D) With the licensee themselves
2. What type of license will you receive if you have a supervising broker at the time of application?
A) Active license
B) Broker's license
C) Firm license
D) Inactive license
3. What is the primary purpose of a property tax levy?
A) It's used to build high-end housing.
B) It's used to build new shopping malls.
C) It's used to determine property tax increases.
D) It's used to fund essential services and public works.
4. What's the purpose of a listing agreement in Maryland?
A) To guarantee a sale
B) To guarantee payment for the listing agent
C) To specify the agreement between the listing broker and the seller
D) To bind the seller to one agent
5. Which of these is an example of a lot-and-block description?
A) 123 Roanoke Street Any Town, ST 98765
B) S ½ SE ¼ NW ¼ Section 2 ...
C) Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds
D) "Beginning at the iron pin 30 paces from the center of the brook that runs across the road southwesterly from the dwelling ..."
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
Wayne
Atalanta
Daphne
Freda
Joanna
Maria
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