Real Estate Maryland-Real-Estate-Salesperson Value Pack (Frequently Bought Together)

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In a real estate transaction, who does a licensee represent?

A) A customer
B) A client
C) A principal or customer
D) A client or customer

2. Earnest money is sometimes referred to as a "down payment on the ______."

A) Transfer tax
B) Mortgage insurance
C) Seller's proceeds
D) Down payment

3. What does PITI stand for?

A) Principal, interest, taxes, and insurance
B) Principal, insurance, title, and interest
C) Property, insurance, taxes, and interest
D) Property, interest, title, and insurance

4. Which of the following best describes the concept of appreciation?

A) When the value of a property increases over time.
B) When the value of a property decreases over time.
C) When losses are deducted from a property's value for tax purposes.
D) When a property's value increases as a result of capital improvements.

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?

A) To get the buyer's FICO score, credit report, and tax receipts
B) To look the buyer in the eye to see if the buyer is hiding anything
C) To build trust and rapport
D) To determine the buyer's ethnicity

Solutions: