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

SectionWeightObjectives
Maryland State Portion27%- Brokerage Relationships
  • 1. Disclosure forms and requirements
  • 2. Maryland agency definitions and rules
  • 3. Duties to clients and customers
- Ethics
  • 1. Confidentiality and disclosure
  • 2. Conflicts of interest
  • 3. Professional standards and conduct
- Licensing Requirements
  • 1. Application and renewal procedures
  • 2. Eligibility and education requirements
  • 3. License types and scope of authority
- Business Conduct
  • 1. Unlawful practices and prohibited acts
  • 2. Trust fund handling
  • 3. Advertising regulations
- Supervision
  • 1. Office management and record keeping
  • 2. Broker responsibility for licensees
  • 3. Compliance oversight
- Duties and Powers of the Real Estate Commission
  • 1. Disciplinary actions and penalties
  • 2. Rulemaking and enforcement
  • 3. Commission structure and authority
National Portion73%- Property Ownership
  • 1. Encumbrances and easements
  • 2. Land characteristics and legal descriptions
  • 3. Real and personal property
  • 4. Forms of ownership
- Contracts
  • 1. Listing and buyer representation contracts
  • 2. Elements of valid contracts
  • 3. Purchase and sale agreements
  • 4. Contract contingencies and remedies
- General Principles of Agency
  • 1. Termination of agency
  • 2. Agency disclosure requirements
  • 3. Agency relationships and creation
  • 4. Fiduciary duties and obligations
- Valuation and Market Analysis
  • 1. Factors affecting property value
  • 2. Appraisal principles and methods
  • 3. Comparative market analysis
- Land Use Controls and Regulations
  • 1. Private controls: deed restrictions, HOA rules
  • 2. Public controls: zoning, building codes, environmental laws
- Financing
  • 1. Closing and settlement procedures
  • 2. Mortgage types and lending regulations
  • 3. Government loan programs (FHA, VA, USDA)
  • 4. Loan qualification and underwriting
- Transfer of Property
  • 1. Title insurance and recording
  • 2. Deeds and title transfer
  • 3. Closing process and documents
- Real Estate Calculations
  • 1. Area and volume measurements
  • 2. Commission and fee calculations
  • 3. Prorations and closing costs
- Practice of Real Estate
  • 1. Escrow and trust account management
  • 2. Fair housing laws and anti-discrimination
  • 3. Advertising and business practices
- Property Disclosures
  • 1. Environmental disclosures
  • 2. Property condition disclosures
  • 3. Lead-based paint and other federal requirements

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

Disclosing which of the following facts would be considered a fair housing violation?

A. The current owner has HIV.
B. The roof was replaced last year.
C. The kitchen was remodeled five years ago.
D. The property has been treated for pests.


Question 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 determine property tax increases.
C. It's used to build high-end housing.
D. It's used to fund essential services and public works.


Question 3

A buyer representation agreement is similar to which document used when representing a seller?

A. A seller disclosure
B. A listing agreement
C. A seller's net sheet
D. A consumer notice


Question 4

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

A. Secure a profit for your client.
B. Hold confidential all facts from the buyer, even material facts.
C. Disclose material facts to the seller only.
D. Promote your client's interests throughout the entire transaction.


Question 5

What's the primary purpose of bulk zoning?

A. To allow warehouse facilities in residential areas
B. To increase density
C. To keep like properties together
D. To restrict density


Solutions:

Question 1
Answer: A
Question 2
Answer: D
Question 3
Answer: B
Question 4
Answer: D
Question 5
Answer: D

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