Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Everywhere
Study online at https://quizlet.com/_6pkuwc
1. Who appoints members to the Maryland real estate Answer: The governor of
commission? Maryland
A. The State Senate
B. The house of Delegates
C. The executive director of the Commission
D. The governor of Maryland
2. Which of the following is true concerning the Maryland Answer: 3 out of its mem-
Real Estate Commission? bers are not real estate li-
censees and 5 are
A. Its members are representative brokers from real
estate boards or associations through Maryland
B. It has 5 members
C. It has 4 professional and 5 consumer members
D. 3 out of its members are not real estate licensees
and 5 are
3. What must be included in advertising by a broker? Answer: the designated
name of that broker as
A. the name of the broker's Realtor board or associa- registered with the com-
tion or Realtist organization mission
B. The legal name of the licensed real estate broker
C. the designated name of that broker as registered
with the Commission
D. the name of the licensee who listed the property
4. Which of the following is NOT required in advertising Answer: the advertisement
for a team? must contain the name of
the team leaser
A. The advertisement must follow branch office and
company wide requirements
1/9
, Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Everywhere
Study online at https://quizlet.com/_6pkuwc
B. The advertisement must contain the name of at
least one licensee on the team
C. The advertisement must contain the name of the
team leaser
D. the advertisement must include the phone number
of the office out of which the team works
5. Whom may use a listing agreement form published by Answer: any licensed
a multiple listing service? member of the organiza-
tion that operates that list-
A. any licensee ing system
B. any broker or salesperson licensed by the Commis-
sion
C. any members of any board or association of Real-
tors
D. Any licensed member of the organization that oper-
ates that listing system
6. brokers are not required to notify the commission Answer: Changes occur in
when the commissions sharing
A. changes occur in the names of their firms
B. a salesperson resigns
C. changes occur in the commission sharing
D. changes occur in the locations of any of their offices
7. what does the brokers act require be done with Answer: they must be de-
earnest money deposits when there are no instruc- posited in an insured and
tions to the contrary from their owner and beneficial approved financial institu-
owner? tion in Maryland
A. they are to be placed in an interest-bearing account
2/9
Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Everywhere
Study online at https://quizlet.com/_6pkuwc
1. Who appoints members to the Maryland real estate Answer: The governor of
commission? Maryland
A. The State Senate
B. The house of Delegates
C. The executive director of the Commission
D. The governor of Maryland
2. Which of the following is true concerning the Maryland Answer: 3 out of its mem-
Real Estate Commission? bers are not real estate li-
censees and 5 are
A. Its members are representative brokers from real
estate boards or associations through Maryland
B. It has 5 members
C. It has 4 professional and 5 consumer members
D. 3 out of its members are not real estate licensees
and 5 are
3. What must be included in advertising by a broker? Answer: the designated
name of that broker as
A. the name of the broker's Realtor board or associa- registered with the com-
tion or Realtist organization mission
B. The legal name of the licensed real estate broker
C. the designated name of that broker as registered
with the Commission
D. the name of the licensee who listed the property
4. Which of the following is NOT required in advertising Answer: the advertisement
for a team? must contain the name of
the team leaser
A. The advertisement must follow branch office and
company wide requirements
1/9
, Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Maryland Real Estate Exam Prep with 80 Questions and Answers- Study
Everywhere
Study online at https://quizlet.com/_6pkuwc
B. The advertisement must contain the name of at
least one licensee on the team
C. The advertisement must contain the name of the
team leaser
D. the advertisement must include the phone number
of the office out of which the team works
5. Whom may use a listing agreement form published by Answer: any licensed
a multiple listing service? member of the organiza-
tion that operates that list-
A. any licensee ing system
B. any broker or salesperson licensed by the Commis-
sion
C. any members of any board or association of Real-
tors
D. Any licensed member of the organization that oper-
ates that listing system
6. brokers are not required to notify the commission Answer: Changes occur in
when the commissions sharing
A. changes occur in the names of their firms
B. a salesperson resigns
C. changes occur in the commission sharing
D. changes occur in the locations of any of their offices
7. what does the brokers act require be done with Answer: they must be de-
earnest money deposits when there are no instruc- posited in an insured and
tions to the contrary from their owner and beneficial approved financial institu-
owner? tion in Maryland
A. they are to be placed in an interest-bearing account
2/9
