Maryland real estate law practice test with complete solutions

Maryland real estate law practice test with complete solutions personal property maryland license law construes a lessee's interest under the terms of a lease bonding requirement for real estate sales people and brokers in Md no bond required for salespeople and/or brokers the act of steering or blockbusting is illegal in the state if md company's escrow account where all funds received by a salesperson for the account of others must be deposited by the broker md real estate commission consists of appointed members from the real estate industry and consumers nonresidents of md who apply for licensure must conform to all requirements of the licensure act nonresidents of md who apply for licensure must file and sign an irrevocable consent nonresidents of md who apply for licensure must take and pass the md law state exam court penalty for acting as a broker a fine of not more than $5,000 and/or imprisonment for not more than one year transfer fees unless otherwise negotiated are equally split between the buyer and seller presumed buyers agent a licensee who, upon meeting with the a prospective purchaser, and without a written brokerage agreement, will show other brokers listings fiduciary care the listing agent owes this to the seller if the disclosure/disclaimer form is given to the purchaser after the date of contract ratification but before settlement, the purchaser has the right to cancel the contract within 5 days after receipt of the form real estate, realtor or realist words that must be posted on a sign outside of broker's place of business the code of ethics was adopted by the md REC for the protection of the public typically, in md, who own the property on settlement day the sellers guaranty fund where any person aggrieved by a licensed broker or salesperson in an act of embezzlement can apply for compensation guaranty funds pay out amount of actual loss, up to $25,000 no statutory right of redemption according