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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What's a foreclosure?

A) The forced sale of a property due to the borrower defaulting on the mortgage loan
B) A sale that fails to receive a high enough bid at auction and then falls to the bank's ownership
C) A property sale that occurs in less than one week
D) The sale of a property when the market value of the home is less than what is owed, plus closing cost

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

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

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 Which photograph of a home for sale should not be published for public viewing?

A) A photo of the master bathroom that also shows the photographer's arm reflected in the mirror
B) A photo of the billiards room that reveals the owner's collection of antique guns
C) A wide-angle photo of the renovated kitchen that makes the area look larger than it really is
D) An exterior photo showcasing the pool and outdoor kitchen/bar area

4. ________ can be defined as everything that's not real property.

A) Private property
B) Land property
C) Personal property
D) Real estate

5. Manny has a client who wants to purchase a commercial building. Manny doesn't have any experience negotiating commercial purchases. Which action should Manny take to demonstrate his good faith and most ethical behavior toward his client?

A) Tell the client about his inexperience, but say that he'd like to continue the relationship and will consult with a professional commercial broker throughout the transaction.
B) Continue to work with the client, but secretly consult with a commercial broker when he has questions.
C) Continue to work with the client, but not tell the client about his lack of experience.
D) Decide to no longer represent the client.

Solutions: