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

SectionWeightObjectives
Maryland State Portion27%- Brokerage Relationships
  • 1. Disclosure forms and requirements
  • 2. Duties to clients and customers
  • 3. Maryland agency definitions and rules
- Business Conduct
  • 1. Unlawful practices and prohibited acts
  • 2. Trust fund handling
  • 3. Advertising regulations
- Duties and Powers of the Real Estate Commission
  • 1. Rulemaking and enforcement
  • 2. Commission structure and authority
  • 3. Disciplinary actions and penalties
- Supervision
  • 1. Broker responsibility for licensees
  • 2. Office management and record keeping
  • 3. Compliance oversight
- Licensing Requirements
  • 1. Eligibility and education requirements
  • 2. License types and scope of authority
  • 3. Application and renewal procedures
- Ethics
  • 1. Confidentiality and disclosure
  • 2. Conflicts of interest
  • 3. Professional standards and conduct
National Portion73%- Property Disclosures
  • 1. Property condition disclosures
  • 2. Lead-based paint and other federal requirements
  • 3. Environmental disclosures
- Practice of Real Estate
  • 1. Advertising and business practices
  • 2. Escrow and trust account management
  • 3. Fair housing laws and anti-discrimination
- Financing
  • 1. Government loan programs (FHA, VA, USDA)
  • 2. Mortgage types and lending regulations
  • 3. Loan qualification and underwriting
  • 4. Closing and settlement procedures
- Land Use Controls and Regulations
  • 1. Private controls: deed restrictions, HOA rules
  • 2. Public controls: zoning, building codes, environmental laws
- Property Ownership
  • 1. Encumbrances and easements
  • 2. Land characteristics and legal descriptions
  • 3. Real and personal property
  • 4. Forms of ownership
- Valuation and Market Analysis
  • 1. Comparative market analysis
  • 2. Appraisal principles and methods
  • 3. Factors affecting property value
- Contracts
  • 1. Purchase and sale agreements
  • 2. Elements of valid contracts
  • 3. Listing and buyer representation contracts
  • 4. Contract contingencies and remedies
- Transfer of Property
  • 1. Closing process and documents
  • 2. Deeds and title transfer
  • 3. Title insurance and recording
- Real Estate Calculations
  • 1. Commission and fee calculations
  • 2. Area and volume measurements
  • 3. Prorations and closing costs
- General Principles of Agency
  • 1. Agency disclosure requirements
  • 2. Fiduciary duties and obligations
  • 3. Termination of agency
  • 4. Agency relationships and creation

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question #1

A licensee wants to meet with her potential buyer clients face-to-face in her office. What's her reason for doing this?

  • A. She wants the buyers to meet her office mate.
  • B. She wants to run a credit check on the buyers.
  • C. She wants to make sure the buyers are serious about purchasing.
  • D. She wants to sell the buyers on a local neighborhood that she likes.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Where should a licensee typically verify the latest regulations and updates regarding real estate practices?

  • A. With the licensee themselves
  • B. With the supervising brokerage
  • C. With a co-worker of the licensee
  • D. On the Real Estate Commission's website
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

Question #3

Which of the following actions transforms real property into personal property?

  • A. Severance
  • B. Sale of the property
  • C. Annexation
  • D. Emblements
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

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. Anticipation
  • B. Progression
  • C. Contribution
  • D. Regression
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Kip is a sub-agent working with a buyer customer, Charlie, for Sheila's listing of May's property. To whom does Kip owe his loyalty?

  • A. Sheila and Charlie
  • B. Charlie
  • C. Sheila and May
  • D. May
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

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