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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.

A) reasonable skill and care
B) disclosure
C) undivided loyalty
D) honesty

2. What regulation or regulatory authority identifies sites that have hazardous substances, and requires the responsible parties to clean them up?

A) State Department of Environmental Quality
B) The National Environmental Policy Act
C) Department of Housing and Urban Development
D) Comprehensive Environmental Response, Compensation, and Liability Act

3. In accordance with the Maryland Property Condition Disclosure Law, when is the seller required to provide the Maryland Residential Property Disclosure and Disclaimer Statement to the buyer?

A) Only before entering into a contract of sale with the buyer.
B) On or before entering into a contract of sale with the buyer.
C) No more than 24 hours after both parties have signed the agreement.
D) Only if the buyer asks for it.

4. ________ pay earnest money to solidify their commitment to completing a real estate transaction.

A) Sellers
B) Buyers
C) Lenders
D) Brokers

5. Which type of deed offers the strongest and broadest form of guarantee and protection of title to the grantee?

A) Quitclaim deed
B) Full covenant and warranty deed
C) Bargain and sale deed
D) Executor's deed

Solutions: