• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 4 out of 54 pages
Exam (elaborations)

MD Real Estate License Exam UPDATED ACTUAL Questions and CORRECT Answers

Document preview thumbnail
Preview 4 out of 54 pages

MD Real Estate License Exam UPDATED ACTUAL Questions and CORRECT Answers

Content preview

MD Real Estate License Exam UPDATED
ACTUAL Questions and CORRECT
Answers
The buyer must work exclusively with the broker during the term of the agreement. - CORRECT
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 - CORRECT 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. - CORRECT 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. - CORRECT ANSWER -Which of these scenarios
depicts a potentially illegal dual agency arrangement in Maryland?


-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. - CORRECT 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 house, making sure
that they also sign a Consent for Dual Agency form. What's wrong with this scenario?


-Fatima must wait until the open house is finished to have her new clients sign the Consent for
Dual Agency form.


-Fatima isn't permitted to act as a dual agent.


-Fatima doesn't need them to sign the Consent for Dual Agency form since her seller client
already has.


-Fatima needs to reaffirm the seller's dual agency consent before she can help the buyers make
their offer.


As a sub-agent for the seller - CORRECT ANSWER -Cheyenne has been working with a
buyer, though they don't have a signed agency agreement. When he finds a house he likes,
Cheyenne helps him fill out the offer paperwork and submits it to the seller's agent. In what
capacity is Cheyenne contributing to this transaction?


-As an agent for the buyer
-As a non-agent for the seller
-As a sub-agent for the buyer
-As a sub-agent for the seller


Offering earnest money deposit advice




Ministerial acts do not require that the licensee advocate for or advise the customer. Licensees
should not use their discretion or judgment in assisting customers. - CORRECT
ANSWER -Which of the following does NOT qualify as a ministerial act under Maryland
law?

, -Answering informational questions about a listing


-Offering earnest money deposit advice


-Writing a purchase offer as instructed


-Granting property access to a home inspector


She is out of luck and won't be able to request further action from MREC. - CORRECT
ANSWER -MREC received a complaint from Rose, stating that licensee Stan had placed a
sign on her property without her permission. As a result, she received a $250 fine from her
homeowners association for illegal signage. MREC notified Stan and his broker about the
complaint, and Stan's broker responded by sending a copy of an email from Rose, stating that the
firm could have a sign installed. As a result, the hearing panel dismissed the claim. What can
Rose do now?


-She can wait six months and then file another claim.


-She can appeal the hearing panel's decision.


-She can seek damages, including emotional distress and attorney's fees, from the Guaranty
Fund.


-She is out of luck and won't be able to request further action from MREC.


Make note of the seller's refusal on the agency disclosure, being sure to include the date when
you presented it to the person. - CORRECT ANSWER -You are the buyer's agent and are
meeting with the unrepresented seller for the first time. You present the seller with the
Understanding Whom Real Estate Agents Represent form and explain that you represent the
buyer. You then ask the seller to acknowledge receipt of the agency disclosure, but the seller
refuses to sign the form. What do you do?

Document information

Uploaded on
November 9, 2025
Number of pages
54
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
CA$22.76

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
STANFORDGRADESS
4.0
(240)
Sold
1649
Followers
108
Items
119944
Last sold
5 hours ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions