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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. 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 seller's agent
B) The buyer
C) The seller
D) The seller's agent's broker

2. What is the primary purpose of a property tax levy?

A) It's used to build new shopping malls.
B) It's used to fund essential services and public works.
C) It's used to determine property tax increases.
D) It's used to build high-end housing.

3. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?

A) Puffing
B) Negligence
C) Misrepresentation
D) Fraud

4. What is one drawback of sub-agency from a listing broker's standpoint?

A) The listing broker and listing agent can be liable for the sub-agent's actions.
B) The listing broker will have to pay two agents' commissions.
C) Both parties must agree to dual agency.
D) There aren't any drawbacks.

5. In which type of lease does the tenant pay some or all expenses separately?

A) Net lease
B) Percentage lease
C) Sublease
D) Gross lease

Solutions: