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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Under which type of buyer agency agreement does a buyer reserve the right to self-represent?

A) Open agency
B) Exclusive agency
C) Personal agency
D) Exclusive right to represent

2. What type of agency exists because of the actions and behavior of the parties?

A) Implied agency
B) Express agency
C) Action agency
D) Behavioral agency

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

A) The dual agent may be part of the same team as the ICAs.
B) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.
C) Dual agency isn't allowed within real estate teams.
D) The broker may serve as an ICA along with a team member.

4. What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?

A) Personal property
B) Estate
C) Real property
D) Land

5. In accordance with the Maryland Property Condition Disclosure Law, when is the seller required to provide the Maryland Residential Property Disclosure and Disclaimer Statement to the buyer?

A) Only before entering into a contract of sale with the buyer.
B) On or before entering into a contract of sale with the buyer.
C) No more than 24 hours after both parties have signed the agreement.
D) Only if the buyer asks for it.

Solutions: