MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
MARYLAND PSI REAL ESTATE SALESPERSON
PRACTICE EXAM 2026–2027
120 ORIGINAL QUESTIONS • CORRECT ANSWERS • LEGAL/REGULATORY RATIONALES
Property ownership • land use • valuation • financing • contracts • agency • disclosures • title transfer • fair
housing • calculations • Maryland license law
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
EXAM-SECURITY & INDEPENDENCE NOTICE
These are independently written practice questions. They are not PSI or Maryland Real Estate Commission questions, a
recalled exam, or an assessment that is graded or “100% verified.” PSI, MREC, and the Maryland Department of Labor have not
sponsored or endorsed this resource. Use it only for lawful preparation consistent with exam-security rules.
IMPORTANT OFFICIAL-COUNT CORRECTION
The current official PSI Maryland bulletin accessed July 10, 2026 lists 110 scored salesperson questions: 80 national and 30
Maryland state questions, with 120 minutes total. It also states that a small number of unscored experimental items may be
added. This independent study set intentionally contains 120 scored practice questions—80 national and 40 Maryland—for
broader preparation; it does not claim that 120 is the official scored-exam length.
LEGAL SCOPE
Law and examination rules change. Verify the current PSI bulletin, Maryland Code, COMAR, MREC forms/guidance, and local law.
This educational material is not legal advice.
National Principles • Maryland Law • Original Questions | Page 1
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
How to Use This Practice Exam
Timed pass: Complete the national 80 and Maryland 40 without viewing answers; budget roughly one minute per item.
Rule pass: Identify whether the question is controlled by federal law, general real-estate principles, Maryland Title
17/COMAR, or local law.
Math pass: Write the formula before substituting values and label debits, credits, loan, value, rate, and time periods.
Update pass: Check all fragile numbers, forms, deadlines, and protected classes against current official sources before
testing.
Practice-Set Blueprint
ain Questions Count
nal: Property Ownership 1–8 8
nal: Land Use 9–12 4
nal: Valuation 13–18 6
nal: Financing 19–26 8
nal: Contracts 27–41 15
nal: Agency 42–51 10
nal: Disclosures 52–57 6
nal: Property Management 58–59 2
nal: Transfer of Title 60–64 5
nal: Practice/Fair Housing 65–74 10
nal: Calculations 75–80 6
and: Commission/Licensing 81–90 10
and: Brokerage Relationships 91–100 10
and: Supervision/Trust 101–107 7
and: Business Conduct 108–115 8
and: Ethics 116–120 5
National Principles • Maryland Law • Original Questions | Page 2
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
NATIONAL I. Property Ownership
1. Which item is most likely a fixture?
A. A renter’s area rug
B. A built-in dishwasher attached to the cabinetry and plumbing
C. A tenant’s freestanding microwave
D. A seller’s movable patio chair
CORRECT ANSWER: B. A built-in dishwasher attached to the cabinetry and plumbing
RATIONALE Attachment, adaptation, intent, agreement, and relationship help distinguish fixtures; the other items remain readily
movable personal property.
2. Which right is included in the traditional bundle of real-property rights?
A. The right to avoid all taxation
B. The right to exclude others, subject to law
C. The right to use another owner’s land without permission
D. The right to ignore zoning
CORRECT ANSWER: B. The right to exclude others, subject to law
RATIONALE Ownership includes possession, control, enjoyment, exclusion, and disposition, but all remain subject to public and
private restrictions.
3. Which legal description begins at a point of beginning and follows directions and distances?
A. Government survey township only
B. Street address
C. Metes and bounds
D. Lot and block
CORRECT ANSWER: C. Metes and bounds
RATIONALE Metes and bounds traces a parcel’s perimeter and returns to the point of beginning; an address is not a complete legal
description.
4. Which description identifies property by lot number, block, and recorded subdivision plat?
A. Taxpayer name
B. Rectangular survey only
C. Metes and bounds
D. Lot and block
CORRECT ANSWER: D. Lot and block
RATIONALE The lot-and-block method relies on a recorded plat; owner names and addresses may change and are not legal
descriptions.
5. In an easement appurtenant, what is the parcel benefited by the easement called?
A. The leasehold estate
B. The dominant tenement
C. The servient tenement
D. The reversion
CORRECT ANSWER: B. The dominant tenement
RATIONALE The dominant parcel benefits, while the servient parcel bears the easement; leasehold and reversion describe different
interests.
National Principles • Maryland Law • Original Questions | Page 3
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
6. Which lien generally has priority over an earlier recorded mortgage?
A. A brokerage advertisement bill
B. A tenant’s personal loan
C. A later unsecured credit-card debt
D. A real property tax lien
CORRECT ANSWER: D. A real property tax lien
RATIONALE Property-tax liens commonly receive statutory priority; unrelated unsecured debts do not automatically attach with
superior priority.
7. Which ownership form allows unequal interests and has no automatic right of survivorship?
A. Joint tenancy
B. Tenancy in common
C. Tenancy by the entirety
D. Life estate pur autre vie
CORRECT ANSWER: B. Tenancy in common
RATIONALE Tenants in common may hold unequal shares and devise them; survivorship characterizes joint tenancy and tenancy by
the entirety.
8. What distinguishes a joint tenancy from a tenancy in common?
A. Tenants in common cannot transfer their interests.
B. Joint tenants must always own unequal shares.
C. Joint tenancy includes a right of survivorship when validly created.
D. Joint tenancy is limited to married couples.
CORRECT ANSWER: C. Joint tenancy includes a right of survivorship when validly created.
RATIONALE Survivorship is the key distinction; equal interests are typical for joint tenancy, and tenancy by the entirety—not joint
tenancy generally—is marriage-specific.
National Principles • Maryland Law • Original Questions | Page 4
MARYLAND PSI REAL ESTATE SALESPERSON
PRACTICE EXAM 2026–2027
120 ORIGINAL QUESTIONS • CORRECT ANSWERS • LEGAL/REGULATORY RATIONALES
Property ownership • land use • valuation • financing • contracts • agency • disclosures • title transfer • fair
housing • calculations • Maryland license law
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
EXAM-SECURITY & INDEPENDENCE NOTICE
These are independently written practice questions. They are not PSI or Maryland Real Estate Commission questions, a
recalled exam, or an assessment that is graded or “100% verified.” PSI, MREC, and the Maryland Department of Labor have not
sponsored or endorsed this resource. Use it only for lawful preparation consistent with exam-security rules.
IMPORTANT OFFICIAL-COUNT CORRECTION
The current official PSI Maryland bulletin accessed July 10, 2026 lists 110 scored salesperson questions: 80 national and 30
Maryland state questions, with 120 minutes total. It also states that a small number of unscored experimental items may be
added. This independent study set intentionally contains 120 scored practice questions—80 national and 40 Maryland—for
broader preparation; it does not claim that 120 is the official scored-exam length.
LEGAL SCOPE
Law and examination rules change. Verify the current PSI bulletin, Maryland Code, COMAR, MREC forms/guidance, and local law.
This educational material is not legal advice.
National Principles • Maryland Law • Original Questions | Page 1
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
How to Use This Practice Exam
Timed pass: Complete the national 80 and Maryland 40 without viewing answers; budget roughly one minute per item.
Rule pass: Identify whether the question is controlled by federal law, general real-estate principles, Maryland Title
17/COMAR, or local law.
Math pass: Write the formula before substituting values and label debits, credits, loan, value, rate, and time periods.
Update pass: Check all fragile numbers, forms, deadlines, and protected classes against current official sources before
testing.
Practice-Set Blueprint
ain Questions Count
nal: Property Ownership 1–8 8
nal: Land Use 9–12 4
nal: Valuation 13–18 6
nal: Financing 19–26 8
nal: Contracts 27–41 15
nal: Agency 42–51 10
nal: Disclosures 52–57 6
nal: Property Management 58–59 2
nal: Transfer of Title 60–64 5
nal: Practice/Fair Housing 65–74 10
nal: Calculations 75–80 6
and: Commission/Licensing 81–90 10
and: Brokerage Relationships 91–100 10
and: Supervision/Trust 101–107 7
and: Business Conduct 108–115 8
and: Ethics 116–120 5
National Principles • Maryland Law • Original Questions | Page 2
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
NATIONAL I. Property Ownership
1. Which item is most likely a fixture?
A. A renter’s area rug
B. A built-in dishwasher attached to the cabinetry and plumbing
C. A tenant’s freestanding microwave
D. A seller’s movable patio chair
CORRECT ANSWER: B. A built-in dishwasher attached to the cabinetry and plumbing
RATIONALE Attachment, adaptation, intent, agreement, and relationship help distinguish fixtures; the other items remain readily
movable personal property.
2. Which right is included in the traditional bundle of real-property rights?
A. The right to avoid all taxation
B. The right to exclude others, subject to law
C. The right to use another owner’s land without permission
D. The right to ignore zoning
CORRECT ANSWER: B. The right to exclude others, subject to law
RATIONALE Ownership includes possession, control, enjoyment, exclusion, and disposition, but all remain subject to public and
private restrictions.
3. Which legal description begins at a point of beginning and follows directions and distances?
A. Government survey township only
B. Street address
C. Metes and bounds
D. Lot and block
CORRECT ANSWER: C. Metes and bounds
RATIONALE Metes and bounds traces a parcel’s perimeter and returns to the point of beginning; an address is not a complete legal
description.
4. Which description identifies property by lot number, block, and recorded subdivision plat?
A. Taxpayer name
B. Rectangular survey only
C. Metes and bounds
D. Lot and block
CORRECT ANSWER: D. Lot and block
RATIONALE The lot-and-block method relies on a recorded plat; owner names and addresses may change and are not legal
descriptions.
5. In an easement appurtenant, what is the parcel benefited by the easement called?
A. The leasehold estate
B. The dominant tenement
C. The servient tenement
D. The reversion
CORRECT ANSWER: B. The dominant tenement
RATIONALE The dominant parcel benefits, while the servient parcel bears the easement; leasehold and reversion describe different
interests.
National Principles • Maryland Law • Original Questions | Page 3
, MARYLAND REAL ESTATE SALESPERSON | INDEPENDENT PRACTICE RESOURCE
6. Which lien generally has priority over an earlier recorded mortgage?
A. A brokerage advertisement bill
B. A tenant’s personal loan
C. A later unsecured credit-card debt
D. A real property tax lien
CORRECT ANSWER: D. A real property tax lien
RATIONALE Property-tax liens commonly receive statutory priority; unrelated unsecured debts do not automatically attach with
superior priority.
7. Which ownership form allows unequal interests and has no automatic right of survivorship?
A. Joint tenancy
B. Tenancy in common
C. Tenancy by the entirety
D. Life estate pur autre vie
CORRECT ANSWER: B. Tenancy in common
RATIONALE Tenants in common may hold unequal shares and devise them; survivorship characterizes joint tenancy and tenancy by
the entirety.
8. What distinguishes a joint tenancy from a tenancy in common?
A. Tenants in common cannot transfer their interests.
B. Joint tenants must always own unequal shares.
C. Joint tenancy includes a right of survivorship when validly created.
D. Joint tenancy is limited to married couples.
CORRECT ANSWER: C. Joint tenancy includes a right of survivorship when validly created.
RATIONALE Survivorship is the key distinction; equal interests are typical for joint tenancy, and tenancy by the entirety—not joint
tenancy generally—is marriage-specific.
National Principles • Maryland Law • Original Questions | Page 4
