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Maryland Real Estate License Exam | 100 Q&A | Contracts, Finance, Agency, Ethics | 2025

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This document contains 100 multiple-choice questions and answers specifically designed for the Maryland Real Estate License Exam 2025. It is a focused and practical resource for candidates preparing to take the Maryland licensing exam, covering both state-specific and national real estate principles. The content reflects the current Maryland Real Estate Commission (MREC) guidelines and includes questions that simulate the structure and complexity of the actual licensing exam. Key subjects tested in this guide include: Real estate contracts: types of contracts, enforceability, valid vs. voidable contracts, contract elements, and termination clauses Agency law: types of agency (buyer, seller, dual), fiduciary duties, agency disclosure, and brokerage relationships Property ownership and transfer: deeds, title, encumbrances, legal descriptions, and land use regulations Real estate financing: types of loans (FHA, VA, conventional), interest rates, points, mortgage clauses, and underwriting basics Ethics and professional conduct: fair housing laws, code of ethics, steering, blockbusting, and Maryland-specific legal standards Maryland state exam focus: MREC regulations, licensee obligations, advertising laws, earnest money handling, and disclosure requirements Math & calculations: prorations, commission splits, loan qualification ratios, and property tax assessments Ideal for: Real estate students in Maryland First-time licensing candidates preparing for the MREC exam Out-of-state licensees seeking Maryland certification Real estate instructors and training programs This exam prep set is written in a straightforward, exam-ready format with answers provided immediately after each question, allowing for quick learning and effective review. Keywords: Maryland real estate exam, MREC, license exam prep, agency law, real estate contracts, deeds and title, FHA loans, real estate math, financing, ethics, disclosures, fair housing, mortgage clauses, commission calculations, earnest money, real estate practice

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MD Real Estate License Exam 2025/2026
Exam Questions and Verified Answers |
Already Graded A+



The buyer must work exclusively with the broker during the term of the

agreement. - 🧠 ANSWER ✔✔Which of the following is one of the buyer's

responsibilities as stated in the Maryland exclusive buyer agency

agreement?




-The buyer must work exclusively with the broker during the term of the

agreement.




-The buyer has seven days to consent to being represented by a

designated or dual agency before terminating the agreement.

,-The buyer must attend three open house events on their own.




-The buyer must make a purchase offer on the first property the agent finds

that meets the buyer's needs.

The address of the property the buyer is purchasing - 🧠 ANSWER

✔✔Which of the following is NOT a required inclusion in a Maryland buyer

representation agreement?




-Each party's duties and responsibilities to the other

-The address of the property the buyer is purchasing

-A definite termination date

-Compensation details

Devon and Courtney will be held to their previous dual agency consent and

the transaction will continue unhindered. - 🧠 ANSWER ✔✔Devon and

Courtney both consented to dual agency when they signed their listing

agreement with Chad from Crab Shack Homes, the Eastern Shore's

,premiere vacation home brokerage. But when another licensee from Crab

Shack presented Chad with an offer, the couple got cold claws and decided

they didn't want the potential conflict of interest with dual agency and

withdrew their consent. Which of the following is NOT a potential outcome?




-The buyers may find another broker to represent them.




-Devon and Courtney will be held to their previous dual agency consent

and the transaction will continue unhindered.




-Crab Shack may terminate the listing agreement.




-Devon and Courtney may terminate their agency relationship with Crab

Shack and find another broker.

Jackson, an associate broker, acts as dual agent and designates two

salespersons from the brokerage to represent each party. - 🧠 ANSWER

✔✔Which of these scenarios depicts a potentially illegal dual agency

arrangement in Maryland?

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, -Corrina gives preliminary consent to dual agency when she signs her

listing agreement, then re-affirms her consent when an offer is made.




-Sandrine represents the seller in a transaction, and another licensee from

her firm represents the buyer. Both parties have consented to dual agency.




-Parker represents a seller, and Jane, a licensee with another firm, delivers

a buyer customer's offer for that seller's property.




-Jackson, an associate broker, acts as dual agent and designates two

salespersons from the brokerage to represent each party.


Fatima isn't permitted to act as a dual agent. - 🧠 ANSWER ✔✔Fatima, a

salesperson, is hosting an open house in Annapolis for her seller client

Ramona. Two interested buyers come in, and after Fatima gives them a

tour they tell her they'd like her to represent them in making an offer. Since

her seller client has already consented to dual agency, she gladly offers to

represent the buyers and helps them write an offer right there at the open

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