Get Your Maryland Real Estate Salesperson Dumps (V8.02) to Start Your Preparation and Pass the Exam Smoothly

1. When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?

2.

Which statement best represents how dual agency is impacted by teams in Maryland?

3. Why are legal descriptions required in real estate contracts?

4.

What instruments are commonly used to secure the purchase of real property?

5. A veteran licensee always has a face-to-face meeting before he works with any buyer.

What might be a good reason for this?

6. How does the income from property taxes benefit the community?

7. ________ can be defined as everything that’s not real property.

8. Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction.

At what point are you required to provide a potential buyer with the agency disclosure notice?

9. What happens when a married couple who owns a property as tenants by the entirety divorce?

10. Why was the Civil Rights Act of 1866 monumental among fair housing and antidiscrimination laws?

11.

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?

12. Why would a buyer want to know whether any additions or alterations were made to a property?

13. What do you call the person or entity that oversees trust or escrow money?

14. A valid deed must contain all of the essential elements, plus which of the following?

15. The cost approach to finding an appraised value measures which of the following?

16. An organization with many investors who jointly participate in a real estate investment and must adhere to the rules and regulations of the Securities and Exchange Commission is a

17. Octogenarians Gertie and Frank both have advanced Alzheimer’s disease and met in Sunset Living, a skilled nursing center for people with advanced Alzheimer’s disease, where they're both residents. They fell in love and get hitched, signing a marriage certificate. This is an example of a _____ contract.

18. What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate?

19. Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.

20. Which type of antitrust violation involves two or more businesses conspiring against another business?

21. Which photograph of a home for sale should not be published for public viewing?

22. 1.Members of the Maryland Real Estate Commission serve _______ -year terms.

23. Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

24. In a real estate transaction, what's a real estate licensee's responsibility regarding household lead hazards for homes built before 1978?

25. Edgar is in the process of selling his home in a short sale.

What's a short sale?

26. In relation to appraisals, what is a "federally related transaction"?

27. Between commercial and residential properties, which type of property is depreciated for a longer time?

28. A buyer can submit the earnest-money deposit in the form of _______.

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

30.

Jillian has a loan-to-value ratio of 90/100. This means—

31. Which of the following is one of your duties as a listing agent?

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

33. What's a foreclosure?

34. Once signed, the listing agreement is a legally binding contract between

35. How does the building department ensure that a builder who has obtained a permit builds according to code?