LATEST 2025 MARYLAND PSI REAL ESTATE EXAM 2025
WITH COMPLETE 200 ACTUAL EXAM QUESTIONS WITH
CORRECT ANSWERS/ GRADEDA+(GUARANTEED
SUCCESS)/ MD PSI EXAM 2025/ MD REAL ESTATE EXAM
2025
Who would be required to hold a license? - ANSWER-Lawyer engaged in real
estate brokerage
What action should a licensee take after receiving an offer on a property under
contract? - ANSWER-Present the offer in a timely manner
Which would require an appraisal rather than a CMA? - ANSWER-an estate
settlement
Records of trust money must be - ANSWER-Kept in a secure area of the broker's
office
Referral fees - ANSWER-may not be paid to unlicensed persons
A licensee must disclose knowledge of - ANSWER-Hidden defects
A broker providing evidence of reasonable and adequate supervision would
produce evidence of - ANSWER-Review of all advertisements placed by affiliate
Prior to changing the location of an office or escrow account, a broker must give
the Commission - ANSWER-7 days notice
,Which type of agent represents only the seller? - ANSWER-Cooperating Agent
The Brokers Act requires that the form Understanding Whom Agents Represent be
presented no later than - ANSWER-The first scheduled face to face meeting
Unless a property listed by an agent or the agent's broker, the agent is assumed to
be acting on the behalf of the - ANSWER-Buyer
Which practice is legal in Maryland - ANSWER-Ground rents
Who has the right to choose the buyer's settlement attorney, escrow agent, and title
company - ANSWER-Buyer
Salespersons and associate brokers licenses must be - ANSWER-Displayed in he
brokers's branch office
Client's money must be deposited by the broker or the broker's designee in the
firm's trust account within how many days? - ANSWER-7 business days
All Team advertising must contain - ANSWER-The full name of the brokerage
displayed in a meaningful and conspicuous manner
Listing Contracts are with the - ANSWER-Brokers not the salesperson
Ways licensees must gather material facts include - ANSWER-Inspecting the
property
,Nonresidential property does not include - ANSWER-property zoned for
agricultural use
A right of cancellation is given to a purchaser of a new timeshare for - ANSWER-
10 days
Regarding Evidence of Title in Maryland, - ANSWER-a buyer is responsible for
securing evidence of title
Regarding security deposits in Maryland, - ANSWER-interest on security deposits
accrues every 6 months and does not compound
The Maryland Lead Poisoning Prevention Program - ANSWER-Pays for relocation
and medical expenses
Claims for payments form the Guaranty Fund - ANSWER-Must be for actual cash
loss
Which is a right of the Commission? - ANSWER-To take action against unlicensed
individuals
Prior to making changes to rules and regulations, the Commission must post the
proposed changes on the - ANSWER-Maryland Register for 45 days
What are the maximum fines that the Commission is authorized to impose for the
first three violations - ANSWER-$5k, 15K, and 25K
A license may be placed on inactive status for up to - ANSWER-3 years
, The requirements for a broker's license include - ANSWER-three years of
experience as a salesperson
An unlicensed employee may - ANSWER-have keys made for company listings
to be licensed, applicants must - ANSWER-be professionally competent and of
good character and reputation
licensees must give copies of listing agreements to all parties - ANSWER-in a
timely manner
The Maryland Real Estate Commission has how many members? - ANSWER-5
licensed members and 4 unlicensed members
Prior to a hearing, a licensee being investigated gets at least how many days
notice? - ANSWER-10 days notice
What is the maximum amount that can be recovered from the Guaranty Fund? -
ANSWER-$50,000
After a payment is made from the Guaranty Fund, what action is taken against the
licensee causing the claim? - ANSWER-Immediate license suspension
An unlicensed employee may not - ANSWER-Discuss a contract
Expired licenses may be reinstated within - ANSWER-3 years of expiration
WITH COMPLETE 200 ACTUAL EXAM QUESTIONS WITH
CORRECT ANSWERS/ GRADEDA+(GUARANTEED
SUCCESS)/ MD PSI EXAM 2025/ MD REAL ESTATE EXAM
2025
Who would be required to hold a license? - ANSWER-Lawyer engaged in real
estate brokerage
What action should a licensee take after receiving an offer on a property under
contract? - ANSWER-Present the offer in a timely manner
Which would require an appraisal rather than a CMA? - ANSWER-an estate
settlement
Records of trust money must be - ANSWER-Kept in a secure area of the broker's
office
Referral fees - ANSWER-may not be paid to unlicensed persons
A licensee must disclose knowledge of - ANSWER-Hidden defects
A broker providing evidence of reasonable and adequate supervision would
produce evidence of - ANSWER-Review of all advertisements placed by affiliate
Prior to changing the location of an office or escrow account, a broker must give
the Commission - ANSWER-7 days notice
,Which type of agent represents only the seller? - ANSWER-Cooperating Agent
The Brokers Act requires that the form Understanding Whom Agents Represent be
presented no later than - ANSWER-The first scheduled face to face meeting
Unless a property listed by an agent or the agent's broker, the agent is assumed to
be acting on the behalf of the - ANSWER-Buyer
Which practice is legal in Maryland - ANSWER-Ground rents
Who has the right to choose the buyer's settlement attorney, escrow agent, and title
company - ANSWER-Buyer
Salespersons and associate brokers licenses must be - ANSWER-Displayed in he
brokers's branch office
Client's money must be deposited by the broker or the broker's designee in the
firm's trust account within how many days? - ANSWER-7 business days
All Team advertising must contain - ANSWER-The full name of the brokerage
displayed in a meaningful and conspicuous manner
Listing Contracts are with the - ANSWER-Brokers not the salesperson
Ways licensees must gather material facts include - ANSWER-Inspecting the
property
,Nonresidential property does not include - ANSWER-property zoned for
agricultural use
A right of cancellation is given to a purchaser of a new timeshare for - ANSWER-
10 days
Regarding Evidence of Title in Maryland, - ANSWER-a buyer is responsible for
securing evidence of title
Regarding security deposits in Maryland, - ANSWER-interest on security deposits
accrues every 6 months and does not compound
The Maryland Lead Poisoning Prevention Program - ANSWER-Pays for relocation
and medical expenses
Claims for payments form the Guaranty Fund - ANSWER-Must be for actual cash
loss
Which is a right of the Commission? - ANSWER-To take action against unlicensed
individuals
Prior to making changes to rules and regulations, the Commission must post the
proposed changes on the - ANSWER-Maryland Register for 45 days
What are the maximum fines that the Commission is authorized to impose for the
first three violations - ANSWER-$5k, 15K, and 25K
A license may be placed on inactive status for up to - ANSWER-3 years
, The requirements for a broker's license include - ANSWER-three years of
experience as a salesperson
An unlicensed employee may - ANSWER-have keys made for company listings
to be licensed, applicants must - ANSWER-be professionally competent and of
good character and reputation
licensees must give copies of listing agreements to all parties - ANSWER-in a
timely manner
The Maryland Real Estate Commission has how many members? - ANSWER-5
licensed members and 4 unlicensed members
Prior to a hearing, a licensee being investigated gets at least how many days
notice? - ANSWER-10 days notice
What is the maximum amount that can be recovered from the Guaranty Fund? -
ANSWER-$50,000
After a payment is made from the Guaranty Fund, what action is taken against the
licensee causing the claim? - ANSWER-Immediate license suspension
An unlicensed employee may not - ANSWER-Discuss a contract
Expired licenses may be reinstated within - ANSWER-3 years of expiration
