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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?

A. A lie
B. Puffery
C. Intentional misrepresentation
D. Positive misrepresentation

Question 2

Which of the following is the best definition of a covenant between a lessor and lessee?

A. A provision for which neither party to a contract is willing to compromise
B. A rent escalation
C. An agreement or promise made between the parties
D. An addendum to a contract added after it's signed

Question 3

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

A. Both commercial and residential income-producing properties are depreciated according to the same schedule.
B. Residential income-producing properties are depreciated longer (39 years) than commercial income- producing properties (27.5 years) are.
C. You cannot depreciate income-producing properties.
D. Commercial income-producing properties are depreciated longer (39 years) than residential income- producing properties (27.5 years) are.

Question 4

Which one of these describes a deed?

A. Abstract of title
B. Recording fee
C. Ownership document
D. Promissory note

Question 5

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

A. The one who records title first gets the property.
B. Their ownership rights terminate.
C. Their ownership changes to tenants in common.
D. They become joint tenants with right of survivorship.

Solutions: