MARYLAND REAL ESTATE 2026/2027 TEST PAPER
QUESTIONS AND SOLUTIONS RATED A+
✔✔What is the interest limit for mortgage loans in Maryland? - ✔✔There is no interest
limit on first mortgages involving Maryland real estate
✔✔Who is responsible for maintaining a habitable property and for complying with local
housing and building codes? - ✔✔Lessor
✔✔The license law is administered by: - ✔✔Maryland Real Estate Commission
✔✔What is a landlord's option for a tenant not paying the rent? - ✔✔unlawful detainer
action in court
✔✔When must a licensee give a copy of the listing agreement to sellers? - ✔✔Before
the firm advertises the property or offers it for sale
✔✔What does a licensee NOT owe to a customer? - ✔✔Obedience
✔✔With whom are relations NOT addressed in the Commission's Code of Ethics? -
✔✔The Real Estate Commission
✔✔What does NOT end presumed buyer representation? - ✔✔The licensee working
with prospects fails to present a disclosure of representation form
✔✔What could result in discipline by the commission? - ✔✔Bad faith
✔✔Whom may use a listing agreement form published by a multiple listing service? -
✔✔Any licensed member of the organization that operates that listing system
✔✔What is the consequence when purchasers don't receive the Maryland Residential
Property Disclosure and Disclaimer Statement before or upon entering into a purchase
agreement? - ✔✔The purchasers may rescind the contract before the apply for a
mortgage loan
✔✔The Salesperson license fee costs how much? - ✔✔$110
✔✔After getting a license, how often must you take Continuing Education classes? -
✔✔every 2 years
✔✔What is a holographic will? - ✔✔a will and testament that has been entirely
handwritten and signed by the testator
QUESTIONS AND SOLUTIONS RATED A+
✔✔What is the interest limit for mortgage loans in Maryland? - ✔✔There is no interest
limit on first mortgages involving Maryland real estate
✔✔Who is responsible for maintaining a habitable property and for complying with local
housing and building codes? - ✔✔Lessor
✔✔The license law is administered by: - ✔✔Maryland Real Estate Commission
✔✔What is a landlord's option for a tenant not paying the rent? - ✔✔unlawful detainer
action in court
✔✔When must a licensee give a copy of the listing agreement to sellers? - ✔✔Before
the firm advertises the property or offers it for sale
✔✔What does a licensee NOT owe to a customer? - ✔✔Obedience
✔✔With whom are relations NOT addressed in the Commission's Code of Ethics? -
✔✔The Real Estate Commission
✔✔What does NOT end presumed buyer representation? - ✔✔The licensee working
with prospects fails to present a disclosure of representation form
✔✔What could result in discipline by the commission? - ✔✔Bad faith
✔✔Whom may use a listing agreement form published by a multiple listing service? -
✔✔Any licensed member of the organization that operates that listing system
✔✔What is the consequence when purchasers don't receive the Maryland Residential
Property Disclosure and Disclaimer Statement before or upon entering into a purchase
agreement? - ✔✔The purchasers may rescind the contract before the apply for a
mortgage loan
✔✔The Salesperson license fee costs how much? - ✔✔$110
✔✔After getting a license, how often must you take Continuing Education classes? -
✔✔every 2 years
✔✔What is a holographic will? - ✔✔a will and testament that has been entirely
handwritten and signed by the testator
