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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following is a material fact that must be disclosed to prospective buyers?

A) A lead-based paint disclosure must be included since the home was built in 1957.
B) A previous owner had HIV.
C) A previous homeowner had Ebola.
D) A house has had more than ten owners.

2. What's the purpose of a home inspection?

A) To determine a listing price for the property
B) To determine whether the purchase price reflects the property's value
C) To get a true picture of a property's condition
D) To help licensees uncover red flags

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. Which zoning practice involves changing the zoning of an area to allow for less intensive development, such as reducing the number of units or building size?

A) Density-reduction zoning
B) Downzoning
C) Reduction zoning
D) Bulk zoning

5. What's used to calculate the housing debt-to-income ratio and total debt-to-income ratio?

A) Operating income
B) After-tax income
C) Gross income
D) Net income

Solutions: