MD REAL ESTATE CE SHOP EXAM SCRIPT
2026 QUESTIONS AND ACCURATE
SOLUTIONS
⩥ If you're in a caveat emptor state, which statement about property
condition disclosures is true? Answer: The seller isn't obligated to
proactively disclose property defects.
⩥ First-time homebuyers can access up to $________ of their Roth IRA
accounts, penalty-free, under certain conditions. Answer: $10,000
⩥ What's income received before any operating expenses are deducted?
Answer: Gross income
⩥ Maryland real estate licensees should be aware that, in addition to the
federally protected classes, the state's fair housing laws also prohibit
discrimination based on the protected classes of ____________. Answer:
Marital status, sexual orientation, gender identity, and source of income
⩥ What do you call the person who or entity that oversees trust or
escrow money? Answer: Escrow agent
⩥ Carson is purchasing a $600,000 property by obtaining an 80/20 loan.
How much is Carson financing? Answer: $480,000
, ⩥ What is self dealing? Answer: Having undisclosed personal interest in
a transaction
⩥ Which act introduced the "innocent landowner" defense that states
that a landowner isn't responsible for clean-up of contamination that
occurred prior to their ownership, provided they have not tried to cover
up the contamination and can prove due diligence in investigating the
property when it was purchased? Answer: Superfund Amendments and
Reauthorization Act (SARA)
⩥ Cracks, holes, or rotten areas on a soffit are common ______ issues.
Answer: Roof
⩥ Earnest money is sometimes referred to as a "down payment on the
______." Answer: Down payment
⩥ In what type of lease does the landlord pay taxes, maintenance, and
insurance? Answer: Gross lease
⩥ Jenny and her friend Kali went out to lunch. Afterward, they paid the
bill. Their agreement to pay for the food they were served is what type
of contract? Answer: An implied contract
2026 QUESTIONS AND ACCURATE
SOLUTIONS
⩥ If you're in a caveat emptor state, which statement about property
condition disclosures is true? Answer: The seller isn't obligated to
proactively disclose property defects.
⩥ First-time homebuyers can access up to $________ of their Roth IRA
accounts, penalty-free, under certain conditions. Answer: $10,000
⩥ What's income received before any operating expenses are deducted?
Answer: Gross income
⩥ Maryland real estate licensees should be aware that, in addition to the
federally protected classes, the state's fair housing laws also prohibit
discrimination based on the protected classes of ____________. Answer:
Marital status, sexual orientation, gender identity, and source of income
⩥ What do you call the person who or entity that oversees trust or
escrow money? Answer: Escrow agent
⩥ Carson is purchasing a $600,000 property by obtaining an 80/20 loan.
How much is Carson financing? Answer: $480,000
, ⩥ What is self dealing? Answer: Having undisclosed personal interest in
a transaction
⩥ Which act introduced the "innocent landowner" defense that states
that a landowner isn't responsible for clean-up of contamination that
occurred prior to their ownership, provided they have not tried to cover
up the contamination and can prove due diligence in investigating the
property when it was purchased? Answer: Superfund Amendments and
Reauthorization Act (SARA)
⩥ Cracks, holes, or rotten areas on a soffit are common ______ issues.
Answer: Roof
⩥ Earnest money is sometimes referred to as a "down payment on the
______." Answer: Down payment
⩥ In what type of lease does the landlord pay taxes, maintenance, and
insurance? Answer: Gross lease
⩥ Jenny and her friend Kali went out to lunch. Afterward, they paid the
bill. Their agreement to pay for the food they were served is what type
of contract? Answer: An implied contract
