MARYLAND REAL ESTATE EXAM PREP WITH 80 QUESTIONS AND ANSWERS- 100% CORRECT AND WELL DETAILED ANSWERS|GUARANTEED A+

MARYLAND REAL ESTATE EXAM PREP WITH 80

AND WELL DETAILED ANSWERS|GUARANTEED


Who appoints members to the Maryland real estate commission?
B B B B B B B B B




A. The State Senate
B B B




B. The house of Delegates
B B B B




C. The executive director of the Commission
B B B B B B




D. The governor of Maryland - ANSWER
B B B B B B Answer: The governor of Maryland
B B B B




Which of the following is true concerning the Maryland Real Estate Commission?
B B B B B B B B B B B




A. Its members are representative brokers from real estate boards or associations through Ma
B B B B B B B B B B B B B



ryland

B. It has 5 members
B B B B




C. It has 4 professional and 5 consumer members
B B B B B B B B




D. 3 out of its members are not real estate licensees and 5 are -
B B B B B B B B B B B B B B



B ANSWER Answer: 3 out of its members are not real estate licensees and 5 are
B B B B B B B B B B B B B




What must be included in advertising by a broker?
B B B B B B B B




A. the name of the broker's Realtor board or association or Realtist organization
B B B B B B B B B B B B




B. The legal name of the licensed real estate broker
B B B B B B B B B B




C. the designated name of that broker as registered with the Commission
B B B B B B B B B B B B




D. the name of the licensee who listed the property -
B B B B B B B B B B



ANSWER
B Answer: the designated name of that broker as registered with the commissio
B B B B B B B B B B B



n



1
Wicky

, Which of the following is NOT required in advertising for a team?
B B B B B B B B B B B B




A. The advertisement must follow branch office and company wide requirements
B B B B B B B B B B




B. The advertisement must contain the name of at least one licensee on the team
B B B B B B B B B B B B B B B




C. The advertisement must contain the name of the team leaser
B B B B B B B B B B




D. the advertisement must include the phone number of the office out of which the team wor
B B B B B B B B B B B B B B B B



ks - ANSWER
B B Answer: the advertisement must contain the name of the team leaser
B B B B B B B B B B




Whom may use a listing agreement form published by a multiple listing service?
B B B B B B B B B B B B




A. any licensee
B B




B. any broker or salesperson licensed by the Commission
B B B B B B B B B




C. any members of any board or association of Realtors
B B B B B B B B B




D. Any licensed member of the organization that operates that listing system -
B B B B B B B B B B B B



ANSWER
B Answer: any licensed member of the organization that operates that listing sy
B B B B B B B B B B B



stem



brokers are not required to notify the commission when
B B B B B B B B B




A. changes occur in the names of their firms
B B B B B B B B B




B. a salesperson resigns
B B B B




C. changes occur in the commission sharing
B B B B B B B




D. changes occur in the locations of any of their offices -
B B B B B B B B B B B



B ANSWER Answer: Changes occur in the commissions sharing
B B B B B B




what does the brokers act require be done with earnest money deposits when there are no ins
B B B B B B B B B B B B B B B B



tructions to the contrary from their owner and beneficial owner?
B B B B B B B B B B




A. they are to be placed in an interest-bearing account
B B B B B B B B B




2
Wicky