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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

Who is typically responsible for paying the commission to a listing agent in a real estate transaction?

A. The buyer
B. The buyer and the seller
C. The seller
D. The buyer and the licensee

Question 2

You represent a buyer of a $1 million property. The seller's agent offers a 2.5% cooperative agent compensation. Who's your client?

A. The buyer
B. The seller's agent's broker
C. The seller
D. The seller's agent

Question 3

What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?

A. Land
B. Estate
C. Personal property
D. Real property

Question 4

Violators of the Sherman Antitrust Act may be subject to fines. For what amount may corporations and individuals be liable?

A. Up to $10 million for corporations and $1 million for individuals
B. Up to $100,000 for corporations and $1,000 for individuals
C. Up to $1 million for corporations and $100,000 for individuals
D. Up to $100 million for corporations and $1 million for individuals

Question 5

At a business meeting attended by the heads of the top brokerages in town, the keynote speaker discussed a minimum listing fee. What is this?

A. Price fixing
B. Market allocation
C. Tie-in arrangement
D. Group boycotting

Solutions: